Main: 713-864-9190   |   Sales: 281-543-6360

Our Blog

Interest Rates at a Historical Low!

September 10, 2020
Published by

Interest rates are at a historical low right now! If you have thought about purchasing a home or moving this year, this is the time to do so.

As of this week, the rate for a 30-year fixed loan is 2.875% and the 15-year fixed loan is at 2.375%, according to These are the lowest rates we have ever seen.

In terms of a monthly payments – If you were to buy a house at $500,000 with a 30-year fixed loan, your monthly payment would be only $1,600 (P&I), compared to $1,900(P&I)  this time last year. This amount is less than the average monthly amount for an apartment in the Inner Loop. According to, the average rent for a single-family/townhome rental increased to $1,940 in July this year. And monthly rent on a comparable home would be approximately $3,000.

Houston right now is facing a shortage of single-family homes. Homes are selling in all neighborhoods of town fast due to the low rates. Sandcastle Homes still has available homes in Montrose, Sunset Heights, Bellaire and more of the popular neighborhoods of the Inner Loop. Contact our Vice President of Sales, Mike Taylor, for information or questions on our homes at or at 281-543-6360.

Home ownership is one of the fundamental pillars to building personal wealth. You build equity through a combination of paying down your debt each month, rather than your landlord’s, and appreciation. Owning a home may also offer tax benefits, as you may able to deduct paid mortgage interest and property taxes. And, importantly, you gain budgetary security and stability. Landlords have the ability to increase rent and/or sell the property.

Homeownership remains a key part of the American dream! There’s nothing quite like the pride of homeownership. It provides you the freedom to completely personalize the home. You can decorate as you please, make improvements, plant your dream garden, etc.

If you are interested in looking or buying a new home, you can contact our preferred lenders to get more information.

Val Tieman – Bank of America
Email Val

Susan Parish – Origin Bank Home Lending
Email Susan

Tags: , , , , , , , , , , , ,

Categorised in: , , , , ,

This post was written by Sandcastle Homes

"We are so grateful to have found Sandcastle Homes! They’ve made the home-buying process so much easier and more enjoyable than we could have imagined. They are responsive, respectful, and always put the customer first. We truly appreciate the speed and accuracy with which they’ve addressed any concerns we’ve brought up throughout the process and can’t wait to officially own our first home. Sandcastle has a team that clearly values one another as much as they do their customers, and you can feel a sense of community when working with them."

Carol Sandler

"Sandcastle did an amazing job with my house. They came through on everything they promised. Jose Salas, the construction manager, is very helpful even after we closed on the house. He goes above and beyond. Getting to meet the owner, Salomon, during the closing was a great experience as many other builders don’t do this. We love our house and the quality of it!!"

Enrique and Judith

"We just moved into our new home by Sandcastle. Since the beginning of the process the whole Sandcastle team paid great attention to our requests and responded rapidly. We were lucky to get in contract in time for us to choose colors, kitchen design, finishes and other and all our requests were reflected in our new house. At the end of the closing, the team always kept the same great attitude towards us and helped us with any question or request. We would say one of the greatest things about Sandcastle is that they really back up what they sell: best price, best service, best quality in town. We ended up extremely pleased with our new house."

Andres and Marcela

"I just moved into my new Sandcastle home and I think it’s a wonderful place to live. They have been very helpful, particularly Lynette and Steve. From the owner Mike Salomen down, it has been a truly positive experience. I would highly recommend anyone who wants to buy a new home that is built of high quality to consider this home builder."

Neal Massey

Stay Connected

Read our blog, connect with us on social media, or simply signup for our newsletter!