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Home Financing 2021 Update

Buying or Refinancing Your Home in 2021

With low interest rates and a tight Central Texas housing market many home owners are opting to stay in their current homes while looking for ways to reimagine and maximize their investment dollars. Our spring Ingredients Newsletter featured insights from our lending partner, Silvia Ward Carden, who answered some of the most frequently asked questions she encountered about refinancing in 2021. This month we checked in with Silvia for another update, which is below!

This year Silvia has been fortunate to help hundreds of families in the Austin market take advantage of record-low interest rates with their new home purchases and refinances. While it’s been incredible, our low interest rate environment seems to be on the brink of change. Just last month, the Federal Reserve indicated they plan to pull back on their bond-buying program in November and the markets had an immediate reaction. The rates for a 30 year mortgage rose to 3% after being in the mid- to high 2% range for months. This was before they actually started the pull-back! And Fannie Mae and Freddie Mac (institutions that buy and guarantee a majority of mortgages in the U.S.) have projected mortgage interest rates to rise late 2021 and through 2022.

What does this mean for you?

  • If you are still paying mortgage insurance, take advantage of your equity to get it removed and get a lower rate than what you likely have now. Or if you’ve been thinking about finally getting started on your kitchen remodel, adding a master suite or home office, putting in a pool or just consolidating debt, now is the time! And she's happy to run the numbers so you can decide if a regular refinance or cash-out refinance makes sense for you.

  • For those of you who are looking to buy your next home (and/or investment property), make sure that you put yourself ahead of the competition! That typically starts with getting Pre-Approved before you start looking for a home. At AmeriFirst, we're taking our Pre-Approvals to the next level with our Protect Your Transaction (PYT) program. PYT is underwriting approval with an attached commitment to back the approval up with $15,000 in financial assurance (or $20,000 for veterans, teachers and first responders). This can mean a faster closing along with peace of mind for buyers and allows sellers to put their plans in motion with certainty!

"We're continuing to see home values and home owner equity grow at an incredible pace in Austin and the surrounding communities. That means it’s a great time to make the most of the incredible opportunities for a refinance." ~ Silvia Ward Carden

We invite you to reach out to Silvia at her contact information above for more answers to your questions regarding your refinance possibilities!

If you're looking to acquire or sell real estate, together Silvia and I can partner with you to help you leverage the current market conditions in your best interest. Mention this blog post and I'll provide you with a complimentary current competitive market analysis on your home which Silvia can use to help inform your refinance options!

We hope this article was helpful - please contact us if we can be of any assistance with your next real estate adventure!

Joe Paul Reider

Home Style Austin Founder Austin Realtor®, CLRA Keller Williams Realty, Inc.

Email: Mobile: 512-222-3302 Web:

Would you like to sign up for our very own home grown "Ingredients" Newsletter? You're not alone! You can sign up here for our best tips for Central Texas living for the home enthusiast through the eyes of food, design, gardening, real estate tips and more!

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