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Mortgage Rates Have Dropped. What Does It Mean For Buyers?

Mortgage Rates Have Dropped. What Does It Mean For Buyers?

For those looking to buy a home, the right time is now! Mortgage interest rates have dropped tremendously and are at their lowest since 2011. For buyers, this is great news. This means that the perfect house families have been wanting, but could not easily afford before, may now be at just the right price. Qualifying for a loan at this point in time will be easier than it has been for the last 10 years. In addition to this low interest rate, certain lenders may be offering special incentives for their specific loans, such as low or no down payments, cash at closing, and points towards their point system. Since this dip in mortgage interest rates is incredibly rare, time is of the essence to save as much money as possible on a place you can call your home. 
 
On top of lenders’ incentives, some builders will offer their own, too, such as credit towards upgrades. This credit can go towards upgrades to any kitchen appliances and cabinetry, window treatments, lighting, flooring, closets and more up to the credit limit set by the builder. Be sure to research what makes the most sense for your home and let the builder know right away that you would like these upgrades. Most of these are much more expensive to replace and remodel later on. 
 
Searching for the perfect neighborhood is difficult, but our goal is to help make decisions easier for families that are considering a home in a Friendswood Development community. We have new homes available in many different parts of Houston that offer a variety of benefits for children, parents, and young professionals. A few of our communities are zoned into recently awarded school districts like Katy ISD, Tomball ISD, and Friendswood ISD. Your children can expect to receive a well-rounded education at these schools from core subjects, sports, and music. Other communities from Friendswood Development are placed near newly developed areas across the greater-Houston areas within Pearland, North Houston, Katy, Kingwood, and more. Young professionals will have the advantage of living near major highways, some still under construction, that can take them from one part of Houston to another easily.  

If you have been searching for the right community for your children to grow up in and for you to call home, contact your real estate agent to schedule a meeting at one (or all) of the new homes in our community now to determine which one will be right for you. Friendswood Development is excited to welcome you as a part of our family. 

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