News

Low Mortgage Rates Good for Local Market

Posted on · While the unemployment rate continues to creep up, mortgage rates have gone the other way the last month or so. This week, the average interest rate on a 30-year mortgage is at 5-percent. On a 15-year loan, it's even better, at 4-point-6 percent. The low rates have prompted a refinancing rush that has local mortgage brokers, like Bob Stanwood, working long hours to keep up.

News

Texas Sales Tax Still Sees Gains

Posted on · Despite all the talk of dismal retail sales — terrible interest rates and lack of consumer confidence — Texas sales tax revenues are up. The state comptroller's office shows the numbers are higher than this time last year. Laurie Johnson has more.