Just got some inside scoop from friends at the USDA office. Kyle, Hutto, Taylor, and Leander are not going away until after 2020 census because the population limit has been raised to 35,000. (Previously 25,000 was the population limit.) This is great news for affordability! USDA loans are the most affordable or lowest down payment loans available in today’s market (aside from VA). [click to continue…]
Weaker economic news drives interest rates to 3-month lows. Will we continue to see rates fall into February? January’s Non Farm Payroll report is due out February 7, and 174k jobs are forecast to be added and the unemployment rate is expected to hold at 6.7%. Last month’s disappointing 74k number for
December has given direction to rates as of late, and be assured that January’s number will do the same for February.
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