Interest Rates Moving Down, Job Growth

Great news! interest rates are down and jobs are up in the San Antonio market!

The article below goes over the increase in jobs in the greater San Antonio area as well as Austin, which is less than an hour up the road!

Interest rates are also lower than they have been in over a year...the average in Texas this week is only 5.52%!!! That is the average and you may pay a little more, or even less. Either way, now is certainly a great time to purchase a home!

Read about the job growth......................

Tuesday, December 2, 2008 - 2:52 PM CST Modified: Tuesday, December 2, 2008 - 3:00 PM Austin job creation slower, but still outpacing rivals Austin Business Journal Employment in the Austin-Round Rock region increased 1.9 percent between October 2007 and October 2008, outpacing many of Austin’s economic development competitors, according to data released Tuesday by the U.S. Bureau of Labor Statistics.
The local region added about 14,700 jobs in the 12-month period, bringing its total employment figure to roughly 781,000, according to the report. By comparison:
• San Jose, Calif. added 700 jobs for a 0.8 percent increase • Raleigh, N.C. added 8,800 jobs for a 1.7 percent increase • Nashville, Tenn. lost 2,200 jobs for a 0.3 percent decrease • Seattle lost 1,900 jobs for a 0.1 percent decrease • Phoenix lost nearly 50,000 jobs for a 2.3 percent decrease • San Antonio added 17,900 jobs for a 2.9 percent increase • Memphis, Tenn. lost 10,800 jobs for a 1.7 percent decrease • Albany, NY remained stagnant.