Dallas homes are more affordable now despite the rising prices, low availability and increasing demand. How is that you ask?
It's the mortgage interest rates that are keeping home ownership within reach for many folks. Take look at this chart that shows what a $200,000 mortgage costs based on your interest rate. Rates have been inching up and that trend is predicted to continue.
Take advantage of today's low mortgage rates or some day your kids may say "You mean you could have locked in a 30-year fixed rate mortgage under 5 percent and you didn't?"