6504 Cuesta Trail – Austin, TX 78730 – Long Canyon

SOLD! - This gorgeous Long Canyon home has it all – scenic hill country views, a wonderful floor plan with open living spaces, a scenic 1.977 Acre wooded lot, a great location and a great value for the area!  You’ll immediately feel at home once you step through the front doors, as this home has a very warm & inviting feeling about it.  The interior features approx. 3,649 s/f (per other source) with 5 bedrooms & 4.5 bathrooms and wonderful details throughout including wood floors, granite countertops in the kitchen, and plenty of windows for lots of natural light.

Great secluded, yet convenient location with easy access to major roads such as 2222, 360 & Mopac, 620 & 183.  Close to great shopping, dining and entertainment options at the Arboretum Area & The Domain and an easy drive to downtown Austin!

Austin ISD Schools: Highland Park Elementary, Lamar Middle School & McCallum High School.

This one is SOLD, but please call today for more information about other homes available in the Long Canyon area.

Quick Details:

SOLD

• MLS# 6101498
• 5 Bedrooms – 4.5 Bathrooms
• Approx. 3,649 s/f (per other source)
• Estimated Taxes: $12,558 (2009)
• Built in 1990
• 2 Living Areas
• 2 Dining Areas
• Master Suite on Main Level
• Additional Bedroom & Bath on Main Level
• Wonderful Outdoor Living Space
• Back Yard – Backs To Greenbelt
• Great Hill Country Views
• 2 Car Garage
• Austin ISD Schools: Highland Park Elementary, Lamar Middle School & McCallum High School
  

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Austin Mortgage Update – Week Ending 8/21/09

What Did Interest Rates Do This Week?
** based on Freddie Mac weekly average survey **

30-yr Fixed – Lower
This Week: 5.12%
Last Week: 5.29%
1yr Ago: 6.47%

15-yr Fixed – Lower
This Week: 4.56%
Last Week: 4.68%
1yr Ago: 6.00%

Highlight of Last Week’s Major Economic Reports

Our rollercoaster ride for mortgage rates continues, as rates fell to three-month lows this past week. According to Freddie Mac,”U.S. Treasury bond yields fell nearly a quarter of a percentage point over the week, and other long-term yields followed suit. Interest rates on 30-year and 15-year fixed-rate mortgages fell to the lowest level since the end of May, while initial rates on 5/1 hybrid ARMs declined to levels not seen since January 2005.”

With the economy not getting worse – but still not close enough to getting better – and inflation being an “out of sight, out of mind” factor, mortgage rates will likely continue to seesaw their way through the Fall season. Beware, however, that the pressure is more on rates to go up, as the economy continues to rebound, and the Fed weaning itself off buying significant amounts of Treasury securities.

And, as the clock ticks for historic-low mortgage rates, buyers (led by first-time buyers) are dashing to take advantage. New Home Sales in July, for instance, rose a whopping 7%, putting the annualized rate 250K above economists’ forecasts. “Low mortgage rates are helping to reinforce the housing market. New construction on one-family homes rose for the fifth consecutive month in July to an annualized pace of almost 500,000 homes, the most since October 2008. In addition, homebuilder views of housing market conditions for the remainder of the year rose for the second month in a row in August to the most positive reading since June 2008, according to the National Association of Home Builders” (Freddie Mac).

What to Look for This Week

The economic calendar will be abuzz next week with a slew of data coming up, but New Home Sales data and the revised 2nd quarter GDP will likely be the big mover-and-shaker for rates.

Short-Term Rate Outlook

Stable to Potentially Higher

Rate Updates courtesy of:
Marie Funston
Senior Mortgage Advisor with Coldwell Banker Mortgage
(512) 750-7270

For more information regarding the Austin Housing Market, Current Mortgage Rates, or how I can help you…..please contact me directly.

~ Kevin

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Austin Mortgage Update – Week Ending 8/7/09

What Did Interest Rates Do This Week?
** based on Freddie Mac weekly average survey **

30-yr Fixed – Slightly Lower

This Week:  5.22%
Last Week:  5.25%
1yr Ago:  6.52%

15-yr Fixed – Slightly Lower
This Week:  4.63%
Last Week:  4.69%
1yr Ago:  6.10%

Highlight of ThisWeek’s Major Economic Reports

Is it safe to say that the recession (or at least the worst of it) is behind us?  Recent reports for construction spending, manufacturing, and factory orders revealed improvements in these sectors that would help to support this notion.  The biggest boost, however, came from the latest employment report, which showed a hugely surprising job loss figure of only 247K (the smallest number of job losses in a year).  Even though we’re still in the negative territory on jobs, the mere reduction in job losses was hailed as a plus for the economy’s road to recovery.

What to Look for This Week

Not much on the economic calendar, so expect the euphoria of last week’s employment report to help prolong the stock market rally, which does not bode well for mortgage rates.

Short-Term Rate Outlook

Potentially Higher

Rate Updates courtesy of:
Marie Funston
Senior Mortgage Advisor with Coldwell Banker Mortgage
(512) 750-7270

For more information regarding the Austin Housing Market, Current Mortgage Rates, or how I can help you…..please contact me directly.

~ Kevin

Contact Form:

1. Your Name(required)
2. Email(valid email required)
3. Website
4. Message

 

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