Home buyers in North Texas, including the Lewisville and Flower Mound areas, are finding that now is a great time to find their Texas dream home! Mortgage interest rates are at all-time lows, and there are some great homes available in all price ranges. The following graph (shown with written permission) shows the historical rates from1963 to 2010.
Narrowing it down to more recent trends over the past 20 years, and broken down by 30 year fixed, 15 year fixed, and 1 year ARM rates is this graph:
This has certainly drawn a lot of home buyers out! We are seeing homes in the North Texas area fly off the market, many times with multiple offers.
Whether you are a first time home buyer, or an existing home owner looking to up-size or down-size, there may not be a better time to get your next Texas dream home than right now! Also, if you are an existing home owner, because of the number of buyers in the market, it may be a good time for you to consider selling your home. Either way, I can help you! Please contact me for more information. I specialize in the Lewisville and Flower Mound areas, and the other suburbs north of Dallas and Fort Worth, but I can assist you with all areas of the Dallas-Fort Worth-Denton Metroplex.
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