Frost Mortgage and the San Antonio Board of Realtors point to local affordability, inventory and in-migration as reasons higher national mortgage rates should have limited local impact.
Freddie Mac reports average U.S. 30-year mortgage rates have reached 7%, but local lenders expect only limited disruption.
Local factors — more affordable home prices in Texas, steady inventory and strong in-migration — support San Antonio’s housing market.
Buyers should focus on overall affordability and compare firm lender offers apples-to-apples before deciding.
# What happened Freddie Mac's national average for a fixed 30-year mortgage hit 7%. San Antonio housing professionals say that headline number may influence some buyers to pause, but it won't necessarily change the local market picture.
# Who's speaking and why it matters Beverly Hankinson, a vice president for Frost Mortgage (part of San Antonio-based Frost Bank), and Ed Zapata, chair of the San Antonio Board of Realtors, spoke to local market conditions and buyer behavior. Their assessments matter because they reflect both lender perspective and active local real estate practice.
Hankinson: The rate increase may cause some to "pause" but not produce major market upheaval. She says potential buyers are focused on a home's overall affordability — "what will my payment be?" — and that Texas homes remain more affordable than in many other states.
Zapata: Higher mortgage rates affect purchasing power, but the bigger issue for local buyers is overall affordability, which includes home prices, property taxes and insurance. He recommends working with a realtor who knows the local market to evaluate options.
# Local factors cushioning impact
# Practical advice for buyers
# What to watch next
# Bottom line Higher national mortgage rates are a real development, but San Antonio professionals point to local price levels, available inventory and strong population growth as reasons the local market may remain stable. Buyers should evaluate total affordability, compare firm lender offers directly, and work with local realtors to map options.
Mortgage rates have climbed above 7%, reaching a nearly two-year high and raising new questions about how buyers and sellers will respond across the North Texas housing market. While the increase could make purchasing a home more expensive for some buyers, local real estate experts say higher rates could also reduce co
Experts suggest that recent Federal Reserve rate hikes may actually benefit long-term inflation and have minimal immediate impact on mortgage rates, which saw a slight decrease following the announcement.
Everything is bigger in Texas—except this?
Climbing mortgage rates could push some buyers to the sideline, but the new trade dispute is barely featuring in client conversations
La derrota en el derbi del Metropolitano ha provocado la primera crisis de la temporada en el Real Madrid de José Mourinho. El conjunto blanco ha perdido la pujanza mostrada en las primeras semanas de competición y ya está a seis puntos del Barcelona en la clasificación.
El entrenador del Elche, Martín Anselmi , aseguró este lunes, en rueda de prensa, que la mejor forma para que su equipo puede defenderse de un rival del potencial del Real Madrid, al que reciben este martes en el Martínez Valero, es “tener la bola”, además de “tener paciencia” para construir después el ataque.
Loading more related stories...
Open the app view to save this story, compare related coverage, and continue from the same source.