Today’s Loan Rates – Texas

Good day, folks!

We were greeted this morning with great news for bonds, but bad news for stocks. The dollar is up but stocks are down.

The U.S. currency jumped for two reasons. First, are the “continuing jitters” after the Federal Reserve on Wednesday left interest rates unchanged near 0%, saying weakness would remain for some time. Adding to those fears are reports about Greece being downgraded by Standard and Poor’s.

The S&P move came after healthcare companies complained that the country was behind on payments related to its public health system, and it follows Fitch Rating’s downgrade of Greece on Dec. 8.

Marc Chandler, chief foreign exchange strategist for Brown Brothers Harriman, Chandler said those downgrades and persistent worries about the economy are driving up the dollar.  —CNNMoney.com

Again, this has improved rates today by .125% which makes it a great time to jump on a lock if you’ve been waiting.

Today’s Urban Austin Mortgage Rates:
30yr fixed- 4.625% 0+1.25
15yr fixed- 4.125% 0+1.25
FHA/VA- 4.75% 0+1.25
USDA 100% financing- 4.75% 0+1.25

*These low rates are ONLY offered through Urban Austin Mortgage. The application process is FREE, simple and you can receive an approval in just a few hours. Let’s get to work!

Respectfully,

D. Stephen Steakley, Jr.
Austin, Texas Home Loan Expert
512-577-8898 ph
Austin, TX Home Loan – Quick Application