Assumable mortgages gain traction as Texas housing inventory spikes

The Texas housing market continues to challenge sellers as inventory reaches its highest level in 14 years, according to new research from the Texas Real Estate Research Center.

High interest rates and economic uncertainty are keeping many buyers away, but some buyers are finding opportunities to lock in mortgage rates as low as 2.5%.

Several real estate agents say more people are exploring assumable mortgages. That’s when a buyer takes on the seller’s existing loan balance and the lower rate…

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