San Antonio Mortgage Rates 18 September 2013

Looking to buy or sell a San Antonio, Texas Home -- visit sanantoniohomequest.com. Here are the September 18, 2013, San Antonio Mortgage Rates from Homewood Mortgage, LLC Texas Mortgage Rates Save  money with our Low Rate and Low Fees guarantee. We'll  get you closed within 15 days or less! Don't  pay high rates and high fees. Tell your family and friends. We're your Texas Owned & Operated Mortgage Banker    30 yr Conventional 4.5% - 0 Discount Points - 0 Origination 15 yr Conventional 3.5% - 0 Discount Points - 0 Origination 20 yr Conventional 4.375% - 0 Discount Points - 0 Origination 10 yr Conventional 3.75% - 0 Discount Points - 0 Origination 30 yr FHA 4.125% - 0 Discount Points - 0 Origination 15 yr FHA 3.75% - 0 Discount Points - 0 Origination 30 yr USDA 4.625% - 0 Discount Points - 0 Origination 30 yr VA 4.25% - 0 Discount Points - 0 Origination 15 yr VA 3.75% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.75% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 3.75% - 0 Discounts Points - 0 Origination Jumbo 10/1 ARM 4.375% - 0 Discount Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.125% - 0 Discount Points - 0 Origination     Your Locally Owned and Operated Texas Mortgage Banker    * These rates are based on a estimated a minimum loan amount of $241,250 or above and roughly 4.559% to 6.1% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.775% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Conventional Construction Loans Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com     Call for Super Service!!

September 2013 Homes For Sale In San Antonio

As San Antonio’s hot and dry summer hopefully cruises toward a cooler and wetter fall, the area’s residential realty market is expected to also cool off a bit after an exceptionally hot late spring and summer sales season.

Surprisingly, the Alamo City area home sales market peaked unusually early this year, with May seeing 2479 closed sales.  During June through August, home sales moved along at a slightly slower, but still brisk and steady pace.

So far this year, there has been a marked shortage of both resale and newly built homes.  As shown below, the demand/inventory imbalance has caused a gradual but steady increase in home prices and a significant decrease in the time needed to sell a residential property.  Specifically, as of 6 September 2013 compared to 6 September 2012:

• available resale home inventory is down 9.78% (from 10016 down to 9045), 
• pending homes sales are up 4.65% (from 2165 up to 2265),
• the average asking price is up 10.49% (from $283,577 up to $313,333),
• the average closed sale price is up 4.4% (from $200,947 up to $209,789),
• the cumulative time needed to sell the average resale home has fallen 22.88% (from 118 days down to 91).

With only a 4.8 month supply of homes on the market, San Antonio presents an exceptionally positive market for home sellers.  Homes are currently selling for 97% of asking price and well prepared homes in the most popular neighborhoods are going under contract very quickly.  

Although the news is exceptionally positive for home sellers, it remains good for home buyers because mortgage interest rates remain low and San Antonio area homes are remarkably affordable when compared to homes in the nation’s other large metropolitan markets.

That’s all for our September 2013 San Antonio realty market report.

Wishing you a beautiful fall season, we’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.

Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying and selling need.  If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat about our wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie).