Uptown Houston New Homes

The average U.S. rate on the 30-year fixed mortgage dropped back below 4 percent this week, remaining near historic lows.

According to mortgage buyer Freddie Mac, the rate on the 30-year loan slipped to 3.99 percent from 4.08 percent last week.

Last month, the rate hit 3.87 percent, the lowest since long-term mortgages started in the 1950s.

The average rate on the 15-year fixed mortgage fell as well, to 3.23 percent.

That’s a drop from 3.30 percent last week and above the record low of 3.13 percent hit earlier this month.

The low rates have made home-buying and refinancing more affordable at a time when the housing market is showing signs of improvement.

Most economists believe it will take years for the market to fully recover from the housing bust.

January and February made up the best winter for re-sales in five years, when the housing crisis started.

Also, builders are more confident.

Source: philly.com

At 5100 San Felipe in Uptown Houston, there is a custom condo located in Four Leaf Tower with brilliant reconfiguration of space. There are bordered hardwoods. The expanded kitchen comes with the ultimate glass appliances. The expanded media room comes with surround sound and electronic shades. The expanded master suite comes with an incredible bathroom and two enormous walk-in closets. You will find a phenomenal powder room.

Price: $879,000.00
Features: 2 Bedrooms, 2 Full Baths (1 Half), 2690 Sq Ft
Type: Mid/Hi-Rise Condo
Subdivision: Four Leaf Towers Cond
County: Harris
Area: Central West
Location: Houston
Year Built: 1981
Bedrooms: 2
Baths: 2 full 1 half
Sq Ft: 2690 Sq Ft
Broker: Martha Turner Properties
MLS#: 64060244

At 5100 San Felipe in Uptown Houston, there is an exceptional condo located in Four Leaf Tower with chic designer finishes and preferred views of the Downtown and Galleria areas. The elegant entry opens to expansive entertaining spaces. The kitchen comes with granite counters and stainless steel appliances. The master suite comes with a lavish bathroom and separate walk-in closets. The guest suite comes with a private bathroom. You will find a media room, utility room and abundant storage.

Price: $850,000.00
Features: 3 Bedrooms, 2 Full Baths (1 Half), 2690 Sq Ft
Type: Mid/Hi-Rise Condo
Subdivision: Four Leaf Towers Cond
County: Harris
Area: Central West
Location: Houston
Year Built: 1981
Bedrooms: 3
Baths: 2 full 1 half
Sq Ft: 2690 Sq Ft
Broker: John Daugherty, Realtors
MLS#: 20157164

View more of the luxurious Four Leaf Tower condos in Uptown Houston.

At 5405 Navarro in Uptown Houston, there is a gracious home located in Lamar Terrace with an inviting front porch. The fantastic floorplan features a super-sized travertine kitchen that opens to the light-filled and beautifully appointed family room. The 2nd floor includes recent hardwood floors and an awesome game room. There is a bonus covered patio and summer kitchen create endless entertaining options. You will find surround sound, special storage nooks, an oversized garage and more.

Price: $739,000.00
Features: 4 Bedrooms, 3 Full Baths (1 Half), 3526 Sq Ft
Type: Single-Family
Subdivision: Lamar Terrace
County: Harris
Area: Central West
Location: Houston
Style: Traditional
Year Built: 2003
Bedrooms: 4
Baths: 3 full 1 half
Sq Ft: 3526 Sq Ft
Lot Size: 7645 sq. ft.
Broker: Greenwood King Properties
MLS#: 7842884

At 5345 Val Verde St. in Uptown Houston, there is an elegant home located in Lamar Terrace with gorgeous stone floors throughout the first level. There are hardwood floors through the spiral staircase and 2nd floor game room. The home comes with updated bathrooms and a downstairs master suite. The huge back deck/yard comes with room for a pool. The two-car garage comes with a replaced door, floors and custom built-ins.

Price: $699,000.00
Features: 4 Bedrooms, 3 Full Baths (1 Half), 3082 Sq Ft
Type: Single-Family
Subdivision: Lamar Terrace
County: Harris
Area: Central West
Location: Houston
Style: Traditional
Year Built: 2003
Bedrooms: 4
Baths: 3 full 1 half
Sq Ft: 3082 Sq Ft
Lot Size: 6600 sq. ft.
Broker: John Daugherty, Realtors
MLS#: 88741864

View more of the gorgeous homes in the Lamar Terrace subdivision in Uptown Houston.

The average U.S. rate on a 30-year fixed mortgage grew 4 percent for the first time in five months.

The increase suggests the window to purchase or refinance a home at historically low rates is closing.

According to mortgage buyer Freddie Mac, the rate on the 30-year loan rose to 4.08 percent, which is up from 3.92 percent the previous week.

A month ago, it reached 3.87 percent, the lowest since long-term mortgages started in the 1950s.

The average on the 15-year fixed mortgage increased to 3.30 percent, which is up from 3.16 percent last week and a record low of 3.13 percent two weeks ago.

Mortgage rates are jumping because they tend to track the yield on the 10-year Treasury note.

Since last October, the average rate on the 30-year mortgage had been at or below 4 percent.

Low mortgage rates have been among several signs that the housing market is picking up.

Source: builderonline.com

At 6206 Del Monte in Uptown Houston, there is a new home located in Briargrove with recent construction. The two-story home comes with a mud room, upstairs game room, formal dining room and handsome study. The large entertaining island kitchen comes with stainless steel appliances and a butler’s pantry. You will find a nice covered loggia.

Price: $1,399,000.00
Features: 4 Bedrooms, 3 Full Baths (1 Half), 4857 Sq Ft
Type: Single-Family
Subdivision: Briargrove
County: Harris
Area: Central West
Location: Houston
Style: Traditional
Year Built: 2012
Builder: Rohe & Wright
Bedrooms: 4
Baths: 3 full 1 half
Sq Ft: 4857 Sq Ft
Lot Size: 8307 sq. ft.
Broker: Keller Williams Realty
MLS#: 5000574

At 6230 Olympia in Uptown Houston, there is a beautiful home located in Briargrove with towering ceilings and hardwoods. The huge open granite kitchen comes with stainless steel appliances. There is a great room, formal living room, dining room and study. The home comes with two fireplaces, a separate wet bar and butler’s pantry. The exquisite master suite features a lavish bathroom. The nice backyard comes with a covered patio.

Price: $1,275,000.00
Features: 4 Bedrooms, 3 Full Baths (1 Half), 4587 Sq Ft
Type: Single-Family
Subdivision: Briargrove
County: Harris
Area: Central West
Location: Houston
Style: Traditional
Year Built: 2003
Builder: William Carl Builder
Bedrooms: 4
Baths: 3 full 1 half
Sq Ft: 4587 Sq Ft
Lot Size: 8694 sq. ft.
Broker: Heritage Texas Properties
MLS#: 52081478

View more of the beautiful homes in the Briargrove community in Uptown Houston.

At 64 E. Broad Oaks Lot 1 in Uptown Houston, there is a sophisticated condo located in Broad Oaks with elegant finishes. Your opportunity to customize this stunning residence awaits. The spacious kitchen opens to the family room. The master suite comes with a large sitting area and home office. The courtyard comes with space for a private pool.

Price: $1,495,000.00
Features: 3 Bedrooms, 4 Full Baths (1 Half), 4008 Sq Ft
Type: Single-Family
Subdivision: Broad Oaks
County: Harris
Area: Central West
Location: Houston
Style: Other Style
Builder: Davis Builders
Bedrooms: 3
Baths: 4 full 1 half
Sq Ft: 4008 Sq Ft
MLS#: 63456147

At 48 E. Broad Oaks in Uptown Houston, there is a custom condo located in Broad Oaks with a stately courtyard welcoming you to your front door. You will find three bedrooms, and three full and one half bathrooms.

Price: $1,445,000.00
Features: 3 Bedrooms, 3 Full Baths (1 Half)
Type: Single-Family
Subdivision: Timbers At Broad Oaks
County: Harris
Area: Central West
Location: Houston
Style: Traditional
Year Built: 2012
Builder: Davis Builders
Bedrooms: 3
Baths: 3 full 1 half
MLS#: 3921125

View more of the wonderful homes in the Broad Oaks neighborhood in Uptown Houston.

The average rate on the 30-year fixed mortgage remained near historic lows last week, making home purchasing and refinancing more attractive to those who can qualify.

According to mortgage buyer Freddie Mac, the rate on the 30-year loan grew to 3.92 percent.

That’s a jump from 3.88 percent the previous week.

The rate reached 3.87 percent four weeks ago, which is the lowest since long-term mortgages began in the 1950s.

The average on the 15-year fixed mortgage jumped to 3.16 percent, which is up from a record low of 3.13 percent last week.

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

The average rates don’t include extra points, also known as points, 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 loans were 0.8, unchanged from last week.

For the five-year adjustable loan, the average rate increased to 2.83 percent from 2.81 percent, and the average fee grew to 0.8 from 0.7.

The average on the one-year adjustable loan jumped to 2.79 percent from 2.73 percent, and the average fee was unchanged at 0.6.

Source: detroitnews.com

At 5410 Inwood Dr. in Uptown Houston, there is a beautiful home located in Del Monte with an open floor plan. There are French doors. The home comes with windows in the living room, den, dining room and master suite. The granite island kitchen opens to the dining room and kitchen. You will find upgraded appliances.

Price: $789,500.00
Features: 3 Bedrooms, 3 Full Baths (1 Half), 3212 Sq Ft
Type: Single-Family
Subdivision: Del Monte 1
County: Harris
Area: Central West
Location: Houston
Style: Traditional
Year Built: 1962
Bedrooms: 3
Baths: 3 full 1 half
Sq Ft: 3212 Sq Ft
Lot Size: 11600 sq. ft.
Broker: Pat Marshall Real Estate
MLS#: 89207803

At 5330 Willers Way in Uptown Houston, there is a handsome home located in Del Monte with lots of natural light and large living spaces. The gracious formals come with hardwoods. There is a large den/family room, as well as generously sized sun room with a wonderful view of the backyard and gardens. The home is surrounded by gorgeous trees.

Price: $749,000.00
Features: 4 Bedrooms, 3 Full Baths (0 Half), 3721 Sq Ft
Type: Single-Family
Subdivision: Del Monte 1
County: Harris
Area: Central West
Location: Houston
Style: Ranch
Year Built: 1964
Bedrooms: 4
Baths: 3 full
Sq Ft: 3721 Sq Ft
Lot Size: 12878 sq. ft.
Broker: Martha Turner Properties
MLS#: 14204054

View more of the luxurious homes in the Del Monte neighborhood in Uptown Houston.

At 3388 Sage Rd. in Uptown Houston, there is a beautiful condo located in The Mercer with high ceilings and crown molding. The kitchen comes with stainless steel appliances. There are wood floors in the living room, dining room, kitchen and hallway. The home comes with marble floors in the master bathroom.

Price: $525,000.00
Features: 3 Bedrooms, 3 Full Baths (0 Half), 2155 Sq Ft
Type: Mid/Hi-Rise Condo
Subdivision: The Mercer I Condo
County: Harris
Area: Central West
Location: Houston
Year Built: 2003
Bedrooms: 3
Baths: 3 full
Sq Ft: 2155 Sq Ft
Broker: RE/MAX Southwest
MLS#: 99106814

At 3388 Sage Rd. in Uptown Houston, there is a impressive condo located in The Mercer with gorgeous views of the Galleria. Quality abounds in this open floor plan with high ceilings, extensive wood floors, a gas fireplace, master suite and island kitchen. You will find granite, crown molding and custom drapes.

Price: $519,000.00
Features: 3 Bedrooms, 3 Full Baths (0 Half), 2155 Sq Ft
Type: Mid/Hi-Rise Condo
Subdivision: The Mercer I Condo
County: Harris
Area: Central West
Location: Houston
Year Built: 2003
Bedrooms: 3
Baths: 3 full
Sq Ft: 2155 Sq Ft
Broker: RE/MAX Memorial Town & Country
MLS#: 50832009

View more of the gorgeous Mercer condos in Uptown Houston.

Average interest rates for fixed mortgages continue to remain at or near 60-year low points, according to Freddie Mac.

According to Freddie Mac’s Primary Mortgage Market Survey, mortgage rates remain near historical lows, which is helping to drive record-high homebuyer affordability.

Average rates for 15-year fixed-rate mortgages decreased to 3.13 percent after averaging 3.17 percent one week earlier.

This 3.13 percent mark is far below the mark last year at this time (4.15 percent) and is a new all-time record low, according to Freddie Mac.

Frank Nothaft, vice president and chief economist at Freddie Mac, stated “With these historically low rates and declining house prices, the typical family had more than double the income needed to purchase a median-priced home in January."

30-year fixed-rate mortgages did not establish a new record low but the average rate did drop to 3.88 percent from 3.90 percent the previous week.

One year ago at this time, 30-year fixed mortgages averaged exactly one percent point higher – 4.88 percent.

Adjustable-rate mortgages showed mixed results in the latest survey, with 5-year adjustable-rate mortgages slipping from 2.83 percent to 2.81 percent week-over-week and 1-year adjustable-rate mortgages increasing slightly from an average of 2.72 percent to 2.73 percent in the same time frame.

One year ago at this time, 5-year adjustable-rate mortgages averaged 3.73 percent and 1-year ARMs averaged 3.21 percent.

“This high level of affordability likely contributed to the recent two-week rise ending March 2nd in mortgage applications for home purchases,” Nothaft stated.

Source: e-wisdom.com