Rates Drop, Cupid in Austin Soludos!
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Oldham Group Austin Update
Rates Drop, Cupid in Austin & Soludos!
January 19, 2024
Mortgage Rates Drop
Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop.
The 30-year fixed-rate mortgage averaged 6.6% as of Jan. 11, a decrease from last week’s 6.66%, according to Freddie Mac‘s Primary Mortgage Market Survey released on Thursday.
The 15-year fixed-rate mortgage averaged 5.76% this week, down from 5.87% the prior week. HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.709% on Thursday, up from 6.66% recorded at the same time last week.
What Does this Mean for YOU?
Buyers– Here’s your opportunity to lock in a lower rate than we’ve seen since the middle of last year. There is a window of opportunity for you to negotiate a great sales price anchored by last fall’s low mark and before we see the spring run up. If you’re on the sidelines, it’s time to make a move!
Sellers– A drop in interest rates means buyers are likely to re-enter the market. Now is the time to prepare your home for the Spring market – fresh paint, new flooring, and deep cleaning. If you’re thinking about a sale, now is the time to connect with me so we can put a strategy and timeline in place.
Comission.Co Clubhouse
Courtney was selected as a founding member of the Comission.Co Clubhouse. This is an exclusive membership group that offers agents and their clients access to the latest listings and buyer needs of fellow top producing agents. It offers unparalleled benefits for our clients and is something we’re looking forward to putting to work for you this year!
Featured Properties
14912 Cabrillo Way
2 BD
2.5 BA
2,304 SF
$615,000
- Sold
Impressive brick and limestone one-story home in the sought after Terra Colinas community in Lake Travis ISD. This one is better than new! It has an open floor plan with large living spaces, elegant interiors and stunning details like wide-plank hardwood flooring, designer farmhouse lighting and crown molding. The gourmet kitchen includes stainless appliances, shaker-style cabinetry with modern hardware, quartz countertops, recessed lighting and subway tile backsplash.
Listed by: Courtney Oldham, Compass RE
3700 Black Granite Dr
3 BD
2 BA
1,363 SF
$379,000
- Sold
Immaculately maintained and brilliantly upgraded- over $50k in landscape and exterior upgrades alone, plus smart home and security upgrades! Open concept, single-story floor plan and the backyard, complete with spa, was designed for maximum relaxation!
Buyer Representation by: Courtney Oldham, Compass RE
214 B Smoke Tree Circle
4 BD
3.5 BA
3,697 SF
$1,150,000
- New Price
New custom home built by Schwartz Custom Homes in the sought after Hilltop section of the award-winning Headwaters Community. Enjoy a three car garage, fine finishes, generous outdoor living spaces and views for days!! Dripping Springs ISD.
Listed by: Courtney Oldham, Compass RE
800 W. 5th Street #503
2 BD
2 BA
1,538 SF
$989,900
- New Price
This gorgeous Austin City Lofts residence has never been on the market…until now! Here’s your chance to enjoy the classic loft lifestyle and all this premium downtown location offers – walk to award winning restaurants, shop at luxurious galleries & boutiques, explore healthy eating at Whole Foods & Trader Joe’s and jump into the active lifestyle on Shoal Creek Trail & Lady Bird Lake. It’s all outside your doorstep! This gorgeous two bedroom, two bath unit has amazingly high ceilings, polished concrete floors, fabulous floor to ceiling windows and ample natural light.
Listed by: Courtney Oldham, Compass RE
20751 Farm to Market 969
4 BD
3 BA
2,700 SF
$899,000
- Not Available
Incredible opportunity for beautiful 4.5 acre farm just 15 minutes from downtown Austin and 5 minutes from Tesla!! Gorgeous 2700 SF main house was carefully updated in 2023 – new roof, extensive kitchen and bathroom remodels including new cabinetry, quartz countertops, undermounted sink, gooseneck faucet, and appliances. The whole house was painted and the upstairs vintage reclaimed wood flooring was buffed, polished, and new luxury vinyl plank installed downstairs.
Listed by: Courtney Oldham, Compass RE
What’s Happening
Looking for LOVE
This Valentine’s Day, where is Cupid’s love-inducing arrow most likely to find its mark? The God of Love is fabled to be a legendary matchmaker, but there are some cities that make his job a little easier. Austin has made the list of the best cities to find LOVE!
New Year, New Skyline
New year, new skyline. Each year brings major development news to Austin, and 2024 is slated to be no different. From a major overhaul to our highway system to new public spaces and several new high rises, here are 10 Downtown developments we’re watching this year.
Soludos!
Founded in New York City in 2010 and now based in Austin, TX, we make thoughtfully crafted shoes that happily move you through the world with style and ease. We believe in soaking up every possible minute of sunshine along the way, and doing it all with good friends.
Best City for Tech $
Where should you live if you want to make the most money as a software engineer? The Bay Area, Seattle or New York City. That’s according to a new report from Levels.fyi, a site that analyzes tech salaries at companies across the world. It recently published its annual compensation report. See where Austin lands.
Ready to Make a Move
The first step is EASY! Call or text Courtney.
We’ll set up a time to carefully evaluate all options and put together the BEST plan & timeline for you and your family. We’ve helped thousands of clients navigate buying and selling in Austin over the last 17 years. We’d be honored to help you, your friends and colleagues.
Courtney Oldham
© Compass 2024 | All Rights Reserved by Compass | Made in NYC
The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
