Texas Mortgage Rates
The U.S. Census Bureau expects Texas to absorb 20% of the country's population in the near future. The state's housing market is extremely active and recently broke the national record for home sales. Buyers can expect to find excellent job opportunities and plenty of attractive homes and properties in Houston, Austin, San Antonio, and Dallas-Forth Worth. Some of the cities forecast to appreciate are Dallas, Houston, Austin, McAllen, San Antonio, Lubbock, El Paso, and Amarillo. In Houston, the real estate market continues to be very affordable and to generate a high level of home sales. Driven by job growth, a booming high tech industry and a large influx of businesses, Austin's real estate market is on an upward track, and its properties are increasing in value. Since NAFTA went into effect, the city of McAllen saw its population and economy grow. Today, it is one of the country's fastest-growing cities, and a large number of big corporations are relocating there and injecting a lot of jobs into the local economy. The number of individuals moving to San Antonio is the highest ever, due to its attractive job market. In El Paso, the housing market boasts some of the lowest-priced realty in Texas and is forecast to grow.