News & Events

Low Interest Rates = A Great New Home

news | May 06, 2020

Ready to make the move to Miramesa? Low interest rates — lower than ever before — can easily get you into your dream home.

How low are interest rates right now? According to a recent article in the Washington Post, mortgage rates have plummeted to the lowest levels in the history of the Freddie Mac survey, which dates to 1971.

Mortgage interest rates have been trending downward since the beginning of the year. The average 30-year mortgage rate has swung 0.43 percent during the first three months of 2020. That may not sound like much, but a 0.25 percent change on a $300,000 home financed at 4 percent for 30 years (with a 20 percent down payment) can mean $44 a month or $528 a year.

All of which may translate to low monthly payments or the ability to get more home for your money. How? By rolling the structural options and upgrades you really want into your mortgage.

Homes in Miramesa start from the $200,000s and our three world-class builders offer a wide range of designs with options and upgrades available to fit every lifestyle and budget.

What else does a low mortgage rate get you? A home in one of the top communities in the Houston area. A community with fantastic amenities such as our recreation complex with a resort-style pool, sand volleyball court, dog park, tennis court and splash pad. It gets you long walks on our trails, a chance to meditate by our community lakes and friendly neighbors with smiles on their faces.

Don’t delay, talk to your mortgage lender and get ready to get the home in a community you’ve always dreamed about — Miramesa.