Property Desk

Mortgage Rates Hit 3 Year Low, TX Bans Some Foreign Real Estate Buyers, Austin & Fort Worth Market Updates

Philip Silberman Episode 5

In this episode of The Property Desk, join Phil Silberman and Robert Vernon as they discuss the recent drop in mortgage rates, with 30-year fixed rates hitting a three-year low of 6.13%. We'll also cover two new Texas laws: HB 21, which closes a loophole allowing Housing Finance Corporations to authorize tax-exempt projects outside their geographic boundaries , and SB 17, which prohibits real estate purchases by individuals and entities from countries deemed a "threat" to the U.S.. Plus, we'll dive into the Austin market, noting a 4.3% increase in transactions and discuss the Fort Worth market's shift toward a buyer's market. Don't miss this episode for key insights on these important market and legal topics!

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