Posts Tagged ‘interest rates’

Interest rates have reached 3.5% now and the Austin duplex market is very strong.  We are seeing multiple offers on every property in the better neighborhoods if they are priced reasonably.  The last duplex in north Austin off 183 and Anderson Mill area had 4 offers on it.  Another duplex in south Austin off of Slaughter Ln, in a newer built duplex community (which is rare), had 2 offers on it.  The neighborhood is called Tanglewood and these duplexes are all built 2005 or newer.  Most duplexes in this area are built 1980s by the way, so are substantially older.
We just posted a foreclosure duplex off of Duval Rd and Mopac.  This area is close to the renown Domain retail and mixed-use project, which features an Apple Store, Neiman Marcus, and high end condos.  Please take a look here:
-Hong Lee
The Duplex Dianne Team

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Freddie Mac  just reported that interest rates for 30 year mortgages have hit a 39 year low at 4.17%.  The 15 year mortgages rates have dropped to 3.57%.  Combine these insanely low interest rates with buying a duplex and you could get a great investment for the long-term.  Owner occupy one side and lock in on home ownership and an investment simultaneously.  Owning really is less than paying rent with today’s interest rates.

Hong Lee

DuplexDianne.com Team

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