Spring, Tx New Homes

Houston, Tx’s 1 Houston Center is being renamed LyondellBasell Tower following the chemical and fuel maker‘s 358,138-square-foot lease renewal.

The 46-story tower is located in downtown at 1221 McKinney.

For 25 years, the Dutch-based firm has been in 1 Houston Center.

According to a spokesman for building owner, “Naming rights were an important component of the lease renewal discussions."

Craig Beyer, Charles Gordon and Brandon Clarke of CBRE represented LyondellBasell.

Bob Boykin and Debbie Wilson represented the owner.

Source: chron.com

Mortgage rates have reached record lows, according to Freddie Mac.

The average rate on the 30-year fixed-rate mortgage dropped to a record low of 3.89% in the week ended January 12, compared with 3.91% in the prior week, according to Freddie Mac.

These data date back to 1971.

The 30-year rate was at 4.71% a year ago.

Frank Nothaft, Freddie’s chief economist, stated "Although the economy added 1.6 million jobs in 2011, which was the most since 2006, the unemployment rate remained historically elevated."

In order to obtain the latest rate, payment of an average 0.7 point was required.

1% of the mortgage amount is a point, charged in prepaid interest.

The 15-year fixed-rate mortgage decreased to a record low of 3.16% in the latest week from 3.23% in the prior week.

These data date back to 1991.

The average rate on the 5-year Treasury-indexed hybrid adjustable-rate mortgage slipped to a record low of 2.82% from 2.86%.

These data date back to 2005.

The 1-year Treasury-indexed ARM dropped to a record low of 2.76% from 2.80%.

These data date back to 1984.

Source: marketwatch.com

According to the Mortgage Bankers Association, U.S. mortgage activity dropped in the last two weeks of 2011 with long-term mortgage reaching lows for the year.

Interest rates for 30-year, fixed-rate conforming mortgages slipped to 4.07 percent with points rising to 0.53 from 0.47.

The trade group stated that the average weekly interest rate was the lowest of 2011.

Rates for 15-year, fixed-rate contracts decreased from 3.39 percent to 3.36 percent, which is also the lowest rate of 2011.

Points for 15-year loans averaged 0.71 for the week.

In the week, the Mortgage Index dropped 3.7 percent, while the refinancing Index slipped 1.9 percent, the MBA stated.

Source: builderonline.com

The 30-year fixed mortgage rate increased from last week’s record low to 4.2 percent, but is at the second-lowest level on record, according to Bankrate.com’s weekly national survey.

The average 30-year fixed mortgage has an average of 0.35 origination and discount points.

The average 15-year fixed mortgage remains at a record low of 3.42 percent, while the jumbo 30-year fixed mortgage dropped to a new low of 4.66 percent.

Adjustable rate mortgages were mixed, with the average 3-year ARM jumped to 3.5 percent while the 5-year, 7-year and 10-year rates decreased to 3.18 percent, 3.35 percent, and 3.77 percent, respectively.

November. 2008 was the last time mortgage rates were above 6 percent.

At the time, the average 30-year fixed rate was 6.33 percent, signifying a $200,000 loan would have carried a monthly payment of $1,241.86.

With the average rate now 4.2 percent, the monthly payment for the same size loan would be $978.03, which is a difference of $264 per month for anyone refinancing now.

Source: yahoo.com

The average rate on the 30-year fixed mortgage decreased back down to 3.94 percent, which is the record low set earlier in the fall.

Low rates offer a wonderful chance for those who can afford to buy or refinance.

According to Freddie Mac, the rate on the 30-year home loan dropped from 3.99 percent the previous week.

According to data from the National Bureau of Economic Research, the average rate of 3.94 percent is the lowest rate ever.

The average rate on the 15-year fixed mortgage slipped to 3.21 percent from 3.27 percent, which is also a new record.

Rates have been under 5 percent for all but two weeks this year.

The average fee for the 30-year loan jumped to 0.8 from 0.7 and the fee on the 15-year fixed mortgage was unchanged at 0.8.

The average rate on the five-year adjustable loan dropped to 2.86 percent from 2.93 percent.

The average rate on the one-year adjustable loan grew to 2.81 percent from 2.80 percent.

The average fee on the five-year loan increased from 0.5 to 0.6 and the fee on the one-year adjustable loan was unchanged at 0.6.

In order to calculate average mortgage rates, Freddie Mac surveys lenders across the nation Monday through Wednesday of each week.

Source: builderonline.com

The average rate on the 30-year fixed mortgage stayed above its record low for a fourth consecutive week.

Freddie Mac stated that the rate on the 30-year fixed loan slipped to 3.98 percent from 4 percent the previous week.

Seven weeks ago, it decreased to a record low of 3.94 percent, according to the National Bureau of Economic Research.

Rates have been under 5 percent for all but two weeks this year.

Mortgage rates track the yield on 10-year Treasury note.

The average rates don’t include points, also known as extra fees, which most borrowers are required to pay to get the lowest rates.

1 percent of the loan amount equals one point.

The average fees for the 15-year and 30-year fixed mortgages were unchanged from 0.7.

The average rate on the five-year adjustable loan dropped to 2.91 percent from 2.97 percent.

The average rate on the one-year adjustable loan fell as welll, declining to 2.79 percent from 2.98 percent.

The average fees on the one-year and five-year adjustable loans were unchanged from 0.6.

In order to calculate average mortgage rates, Freddie Mac surveys lenders across the U.S. Monday through Wednesday of each week.

Source: businessweek.com

Today, inside the new Houston, Tx H-E-B, workers are preparing for the grand opening.

There are over 160 types of organics and a juice bar offering 21 fresh-squeezed juices.

A sushi bar is scheduled to offer 20 different types of individually wrapped sushi for to-go sushi variety packs.

The Café on the Run is scheduled to offer European style sandwiches, and the store is scheduled to contain 40 feet of shelf space for yogurts, the largest yogurt selection in any H-E-B, according to H-E-B Houston president Scott McClelland.

The Houston, Tx store has a larger than usual selection of olive oils and gluten-free products as well.

Customers may purchase wine and beer by the glass inside the store and take their drinks to the front patio.

Source: chron.com

The average rate on the 30-year fixed mortgage slipped to 4 percent this week, almost matching the record low reached just one month ago.

According to Freddie Mac, the rate on the 30-year loan decreased from 4.10 percent last week.

Four weeks ago, it slipped to 3.94 percent, which is the lowest rate ever, according to the National Bureau of Economic Research.

The average rate on the 15-year fixed mortgage dropped to 3.31 percent from 3.38 percent.

Four weeks ago, it reached a record low of 3.26 percent as well.

Mortgage rates have a tendancy to track the yield on the 10-year Treasury note.

The average rate on the five-year adjustable loan decreased to 2.96 percent from 3.08 percent.

That matches a record low reached four weeks ago.

The average rate on the one-year adjustable loan slipped to 2.88 percent from 2.90 percent.

It declined last month to 2.81 percent, which is the lowest on records dating to 1984.

1 percent of the loan amount equals one point.

The average fee for the 30-year fixed mortgage dropped from 0.8 to 0.7.

The average fee on the 15-year fixed loan was unchanged at 0.7.

Also, the average fees on the five-year adjustable loan one-year adjustable loan were unchanged at 0.6.

In order to calculate average mortgage rates, Freddie Mac surveys lenders across the nation on Monday through Wednesday of each week.

Source: seattlepi.com

Last week, the nation’s benchmark mortgage rate is nearly unchanged after increasing.

According to Freddie Mac, the average 30-year, fixed-rate home loan is 4.11 percent, which is down slightly from 4.12 percent last week.

The week before, it dropped to 3.94 percent, which is the lowest rate, states the National Bureau of Economic Research.

Source: tulsaworld.com

The average rate on a 30-year fixed mortgage has decreased below 4 percent for the first time ever.

Freddie Mac stated that the rate on the 30-year fixed mortgage dropped to 3.94 percent from 4.01 percent last week, which was the previous low.

The average rate on a 15-year fixed loan slipped to 3.26 percent.

According to the National Bureau of Economic Research, mortgage rates are now lower than they were in the early 1950s.

This week, total mortgage applications fell over 4 percent from the previous week, according to the Mortgage Bankers Association.

Refinancing applications dropped over 5 percent.

Source: builderonline.com