Main: 713-864-9190 | Sales: 281-543-6360

Home » Our Blog » 30-year mortgage rate falls to record low 3.94 percent

Our Blog

30-year mortgage rate falls to record low 3.94 percent

October 6, 2011
Published by Sandcastle Homes

If you are in the market to buy a new home in the near future, or even need to refinance your home. The time is now.

The Associated Press reported: The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever. For those who can qualify, it’s an extraordinary opportunity to buy or refinance

In addition to the 30-year fixed mortgage rate, the average rate on a 15-year fixed loan dropped to a record low of 3.26 percent.

These record low mortgage rates make this an ideal time to purchase or refinance your home. If you need to refinance your home and get a lower rate, you pay less interest on your loan and in turn will have more money to spend.

For those who have been unsure about purchasing a home, this could be the vital factor to relieve any uncertainty.

Visit us on our website: www.SandcastleHouston.com

Tags: mortgage rates

Categorised in: Houston News, Houston Real Estate

This post was written by Sandcastle Homes

"We are so grateful to have found Sandcastle Homes! They’ve made the home-buying process so much easier and more enjoyable than we could have imagined. They are responsive, respectful, and always put the customer first. We truly appreciate the speed and accuracy with which they’ve addressed any concerns we’ve brought up throughout the process and can’t wait to officially own our first home. Sandcastle has a team that clearly values one another as much as they do their customers, and you can feel a sense of community when working with them."
Carol Sandler
"Sandcastle did an amazing job with my house. They came through on everything they promised. Jose Salas, the construction manager, is very helpful even after we closed on the house. He goes above and beyond. Getting to meet the owner, Salomon, during the closing was a great experience as many other builders don’t do this. We love our house and the quality of it!!"
Enrique and Judith
"We just moved into our new home by Sandcastle. Since the beginning of the process the whole Sandcastle team paid great attention to our requests and responded rapidly. We were lucky to get in contract in time for us to choose colors, kitchen design, finishes and other and all our requests were reflected in our new house. At the end of the closing, the team always kept the same great attitude towards us and helped us with any question or request. We would say one of the greatest things about Sandcastle is that they really back up what they sell: best price, best service, best quality in town. We ended up extremely pleased with our new house."
Andres and Marcela
"I just moved into my new Sandcastle home and I think it’s a wonderful place to live. They have been very helpful, particularly Lynette and Steve. From the owner Mike Salomen down, it has been a truly positive experience. I would highly recommend anyone who wants to buy a new home that is built of high quality to consider this home builder."
Neal Massey

Stay Connected

Read our blog, connect with us on social media, or simply signup for our newsletter!

Team Member Profile: Antonio Moreno

November 10, 2024

10 Steps for Staying Organized When Moving Into Your New Home

October 6, 2024