5.625% for 30 yr fixed loans in TYLER
this is for loans $100,000 to $417,000.
TX nonfarmemployment rose 2% from 11/06 to
11/07 compared with a 1% annual growth rate for the whole nation. We are doing that well in
East TX & TYLER was the 5th in employment in
growth in the same period.
The drop in mortgage rate is tied worried about a weak economy.
Yes, home sales are down & prices softening,
but still one of lowest average sales times in the
country.
Most of the above are statistics from Dr. Mark
Dotzur with the Real Estate Center at TX A&M.