Mortgage rates fell this week to the lowest level on record, giving consumers added incentive to lock in low payments for home purchases and refinanced loans.
The average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week, Mortgage Company Freddie Mac said Thursday.
That’s the lowest point since Freddie Mac began tracking rates in 1971. The previous record of 4.71 percent was set in December. Rates for 15-year and five-year mortgages also hit lows.
This news combined with the Bond 77 program -- for Texans only -- should be great incentive to make that move.
Bond 77 can be used anywhere in Austin Texas and this program will be around for over a year to come!
Bond 77 IS ALSO MULTI-PURPOSE! Bond 77 can be used for either of the following:
A – Reduced Interest Rates on Mortgages (currently in the 4’s)
Or
B – Free Use Of Money for Down Payment Assistance (Zero Down Loan)
Bond 77 is unique because it’s almost twice the size as any other Texas Bond Program. It’s flexible guidelines allow more homes & more buyers to qualify than other bonds. Bond 77 provides 5% towards a buyers Down Payment and Closing Costs, used in conjunction with seller concessions buyers will have a NEW ZERO DOWN LOAN OPTION! Bond money acts as a silent second lien with NO payments and NO interest!
The"official" and largest 4th of July event in Austin will be held at Auditorium Shores at The Long Center. More than 100,000 Austinites will gather to see the Austin Symphony perform patriotic music, including the 1812 Overture, with the shooting of cannons by the Texas National Guard Salute Battery. Fireworks will be shot over Lady Bird Lake from 9:30 p.m. to 10 p.m. The orchestra will begin playing at 8:30 p.m. The event is free and open to the public. Alcohol and glass containers are not permitted, but concessions will be sold.
Volente Beach 4th of July Fireworks:
Volente Beach Waterpark, which is on Lake Travis, offers another wonderful way to celebrate July 4th in Austin. There will be live music and a firework show that starts at dusk. The event is free to guests who purchased park admission prior to 8 p.m., and costs $5 for guests entering the park after 8.
July 4th Celebration in Lakeway is always a big hit and well attended
The city of Lakeway, which lies on the outskirts of Austin, has its own Independence Day celebration. At 8:30 a.m., there will be a 4th of July parade down Lakeway Drive. The Pageant at the Lakeway Activity Center for the Grand Marshal Speech begins at 10:30 am.. Starting at 6 p.m., attendees will enjoy food, live entertainment, and fireworks. The events will end at 10:00 p.m.
Carlos 'N Charlies Fireworks Extravaganza will be loaded with attendees both from the water and on land
The infamous restaurant and bar on Lake Travis hosts its firework extravaganza the night of July 3rd. On July 4th, they are not having fireworks but instead a night of live music with Lance Keltner and guests. Gates open at 6 p.m. and entry at the gates costs $15.
Most all of the area Country Clubs feature fireworks extravaganzas, including Austin Country Club, Lost Creek Country Club, Balcones and Onion Creek Country Clubs too. If you are lucky enough to live in the hills around Austin, you can watch the fireworks all over the place from your back deck or yard. If you don't live in a spot with fireworks views, just hop in your car, drive to and park nearby one of the CC's or near Downtown.
Krause Springs on Lake Travis also features a July 4th fireworks show -- only it is going to take place July 3 and there is a $5.00 charge for entry. Great place to take the family for the day.
Happy Fourth of July to all and God Bless Our Troops!
In Austin, Texas the number of active listings is up 12.79% from last year during the same week.
New listings are down 13.29% this week compared to the same week last year.
Pending properties are down this week by 35.87%.
Sold residential units are down 3.93% compared to the same week last year.
How are we doing on sales prices? Call me @ 512-917-5260
As for Average Prices:
May 30 - June 5, 2010
Sold average sales prices decreased 0.63% to $270,054. In 2009 it was $268,368 for the same week
All you first time home buyers or agents who have clients who are first time home buyers read this release from HGTV Casting -- seems like great fun to me.
This program is NOT for investors, second homes, and multi-family
Areas in blue on this map are considered “Targeted” areas by the TDHCA; all other areas are considered “Non-Targeted” areas.
Details
The TDHCA (Texas Department of Housing and Community Affairs) has rolled out a new bond program to assist buyers with their down payment when purchasing a home. “Bond 77″ is its largest financing allotment to date and is an incredible 500 Million in funds, released monthly in 50 million dollar increments. This program comes just in time to fill the void left behind by the Federal $8,000 home buyer tax credit which expired April 30th. With liberal income limits and availability to both existing home buyers and first time homebuyers alike, this affordable alternative for down payment assistance will surely be a hit. Below I have listed some of the major details – for more information feel free to email me at John.McClellan@SupremeLending.com or simply fill out the form above.
Income limits:
Property Price limits:
Other Details:
I am in the business of real estate in the Austin, Westlake, Northwest Hills, South Austin and Lakeway areas. I approach my job with the heart of a teacher, providing experience and confidentiality.
As an experienced Austin Real Estate Professional I can represent, protect and guide you through the process of buying, building, selling or investing. I am a dedicated, hard working and a tech savvy agent who can provide you with every option.
When you are buying or selling property in today's real estate market, it's important to have confidence in your real estate professional. My commitment as your local REALTOR is to provide you with the specialized real estate service you deserve.
I am the mother of three daughters and one of thirteen brothers and sisters. I enjoy cooking, entertaining, gardening and Bible study. Each year I produce a Christmas card for my BIG wonderful family.
Each year I produce a Christmas card for my family. This long-standing tradtion, stared by my Mom, has been in place for 53 years. I am working on the 2011 card as we speak. Check out the cards from previous years below. 
Rarely does a week go by without Austin being listed at or near the top of a "best of" list.
With so much positive PR for this city flying around, I thought it would be helpful to wrangle it all together. So here goes.
• The biggie people still like to talk about came from Kiplinger’s Personal Finance in May 2010, which tagged Austin as the No. 1 best city to live in for the next 10 years.
• Just last week, Austin placed third in a "Youngest Cities" ranking, which was based on how youthful residents feel, not their actual age.
• When it comes to social networking, few cities beat Austin's prowess, Men's Health magazine says.
• Austin is the second-best place to find a job right now, according to number crunchers at Ajilon Professional Staffing.
• In November, Austin was deemed to have the second-strongest job market in the country by the Milken Institute (behind only Killeen, Texas).
• That backs up another list in July 2010 that put Austin among the top job-generating cities.
• In May 2010, Austin was listed among the country’s healthiest cities on two other lists.
• A CNN/Money study last year labeled Austin as recession-proof.
• Austin was chosen as one of the eight best places to live and work in the U.S. by Business Review USA.
• Austinites have the ninth-best “quality of life,” according to Portfolio.com study in May 2010.
• Austin (again) ranked No. 4 on a list of the biggest tax procrastinating cities. I'll go out on a limb and put this one in the "positive" category because it illustrates how laid back and cool this city is. We're much too busy this time of year with rodeos, music festivals and perfect weather to be bogged down by tax forms.
Rated By: fe - austin
Comments: Anne is Great! Will always recommend her!!!
Rated By: djb - Austin
Comments: Anne's number one priority is her client. Whether buying or selling, she gets the job done!
Rated By: NLB - Salado
Comments: Anne went way beyond the call of duty to make sure every detail was taken care of. Her customer service was excellent and her knowledge of the real estate business is great. She listened to what I wanted and found the perfect house for me. She is the best!!!!
Rated By: ssv - Austin
Comments: We were extremely pleased with Anne as our realtor. She is very responsive and goes above and beyond in working for you! We were so fortunate to find her! Sharmon Votteler
Rated By: sjw - Washington, DC
Comments: I can't say enough about the super service that Anne provides to her clients. She will go out of her way to give 1000% effort. She is truthful, demonstrates tremendous integrity, and intelligent. When you work with Anne, you should know that she's not about the commission. It's about making sure that the fit is right and that your needs are met. She communicates, she digs into research, and she shares what she knows. We had a trying time in selling our house in a poor market. She stuck with us through thick and thin and when our house sold, it was because of superhuman effort on her part and it was as if she had sold her own home. That's the kind of realtor we all would be blessed to have.
Rated By CML - Houston/Austin
Comments: Anne is a top quality agent. She is reliable, hard working, very creative, and has extensive knowledge of the Central Texas real estate market. Anne has always been professional and thorough from contracting thru the closing of every tranaction she has handled for my company. Without reservation I give her the highest recommendation possible.
"Thank you Anne for the extraordinarily professional and friendly service. You are as experienced as anyone we have encountered in our many real estate transactions from London, Washington DC to Austin, and we feel lucky to have met you. Your fair estimate on our home's value and priceing was far more accurate than others we received. As a consequence, our expectations, objectives and sales strategy were properly aligned. Because you went that extra mile for us, as out of town clients with very limited time, is a mark of your dedication to fully servicing your client's needs, however unusal they may be. We cannot thank you enough for bringing the home's landscaping up to condition, having the home cleaned and decorated, and even handling the sale and charitable collection of remaining personal items! All of this, on top of efficiently, timely and succinctly managing and communicating the transaction's evolution and closing for us, thousands of miles away. Due to your unique marketing efforts and preparation, we were able to sell in the opeing days and choose amongst a rush of various buyers. We recommend you without reservation and look forward to keeping in touch and using you again when we pursue Texas real estate. Thank you for everything!"
Andy & Maria Karsner
Alexandria, Virginia
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