Contact Us

Is it a Good Time to Refinance Your House?

With mortgage interest rates at historic lows, millions of Americans are deciding to refinance their houses and get lower rates.  So the answer to the question in that headline is YES.  There has never been a better time to take a walk down ReFi Street.

 

via Flickr/Boutique Realty

Rates on 15-year fixed and 30-year fixed mortgages are falling through the floor. They set new records for “low” every month.

At the end of March, the 15-year fixed rate hit another record low of 3.11 percent, and the 30-year fixed fell to 3.88 percent, which is just a hair above the 3.87 percent record low set in February.

In this economy, the 15 year fixed rate mortgage is a very popular choice for those looking to refinance.  With a 3.11 percent interest rate, the monthly payment on the 15 year fixed is just a little bit more than a 30 year fixed at six or seven percent.

Some caveats:  Refinancing only makes sense if you have at least ten years left on your mortgage and you intend to stay in your house for a long time.  Also, it should be remembered that mortgage rates are not the only thing to consider when shopping for a refinance loan.  There are all sorts of questions to ask the loan officers.

Here’s a link to a worksheet that can help you get answers, and decide if it’s a good time to refinance.

via Mortgage Refinancing Calculator – SmartMoney.com.

Texas Tech v Texas
[

Longhorns’ Spelling Error Delights Rival Fans

Sometimes and oops happens.  And this is one that Aggie fans are gonna run with!

In the University of Texas' media guide, it didn't take long at Big 12 Media Days to discover that "Texas" was misspelled.  

Read More|Comment

Category: East Texas News Tags: ,
police-lights
[

Accident Victim Was A Teen On Her Way To Freshman Orientation at SFA

 

A bad accident Wednesday night claimed the life of an Austin woman, and Stephen F Austin said she was on her way to freshman orientation.

Read More|Comment

Category: East Texas News, News Tags: , ,
Win McNamee, Getty Images
Win McNamee, Getty Images
[

Governor Perry Is Sending Troops To The Texas-Mexico Border

Governor Rick Perry announced Monday he was sending a thousand troops to the border with Mexico to combat the border crisis, and said that process will happen over the next month.

Read More|Comment

Malaysian Airlines Flight Reported Missing On Route To Beijing
[

Malaysian Passenger Jet With 295 Onboard Crashes Near Ukraine-Russia Border [UPDATED]

A Malaysia Airlines jet carrying nearly 300 people crashed near the border between Russia and Ukraine, according to Reuters and Interfax. The airline company has confirmed that it has lost contact with the plane, a Boeing 777.

Read More|Comment

Category: News, World News
Stuart Scott
ESPN, YouTube
[

Watch Stuart Scott’s Heartbreaking Speech at the ESPYs [VIDEO]

Longtime ESPN personality Stuart Scott literally took center stage at Tuesday night's ESPY Awards when he accepted the Jimmy V Perseverance Award. And his speech did not disappoint.

Read More|Comment

Category: News, Sports, Television Tags:
McAllen Police Dept
McAllen Police Dept
[

Texas Judge Arrested for DWI

Late Saturday night, Nora Longoria, a justice with the 13th Court of Appeals in McAllen was arrested and charged with suspicion of DWI. 

Read More|Comment

Category: Texas News Tags:
Christopher Furlong/Getty Images
Christopher Furlong/Getty Images
[

Thousands Help Lone Survivor After Her Family Is Killed in Spring, TX

After her family was killed execution style last Wednesday near Houston, people are coming out in droves to help the 15-year old sole survivor.

Cassidy Stay's parents and four siblings were killed in the shootings at their home, but Cassidy survived after a bullet grazed her head and she played dead until the violence ended. Now almost $300,000 has been raised for her benefit, as she starts her new life without her family.

Read More|Comment

Getty Images-Online USA
Getty Images-Online USA
[

Lone Ranger Outfit Brings In Big Bucks at Texas Auction

The family of a late businessman and collector decided to put the original Lone Ranger outfit on the auction block, and it brought in $195,000 at the auction in Waco Saturday.

Read More|Comment

Monkey Business
Monkey Business
[

Three Weeks Left To Nominate a Lufkin Small Business Of The Year

Do you have a favorite ice cream shop, burger joint, lawn service or barber?  Tell everyone about them!

Now is the time to nominate your favorite Mom or Pop shop for Small Business of the Year with the Lufkin Chamber of Commerce.

Read More|Comment

Category: East Texas News, News Tags: ,
David McNew/Getty Images
David McNew/Getty Images
[

Game Wardens Have Been Targeting Lakes Looking for Drunk Boaters

If one of your favorite things to do during the summer is pack some frosty beverages on ice and head to the lake, be safe when you hop on the boat!

Read More|Comment

Category: East Texas News, News Tags:

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://ksfa860.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on NEWSTALK 860 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on NEWSTALK 860 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!