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Stanberry Stories Blog

Tuesday, July 10, 2018   /   by Jenny Carroll

Are You Ready For An Electric Vehicle?

Austinites are proud of the contributions we've made as a city to live more sustainably. We recycle, compost, grow our own food, raise chickens and goats, and we're starting to see more electric cars and hybrids on our roads than any other city in Texas. In fact, to help reach that goal Austin made a commitment back in 2007 to be completely carbon neutral by 2020, partly by having 330 vehicles in our city's fleet be plug-in electric automobiles. While that date is certain to be slipped at our current rate of growth and available programs, we are doing our best collectively to help move Austin in the right direction.



How many electric cars will we have?
According to Jessi Devenyns of the Austin Monitor, "ERCOT is predicting that by 2031, 20 percent of the vehicles on Texas roads will be electric. In Austin, this would translate to 320,000 vehicles producing $128 million a year in e-fuel revenue. It would also mean that these vehicles would make up 10 percent of the ene ...

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Friday, April 13, 2018   /   by Jenny Carroll

How Do Rising Interest Rates Really Affect My Monthly Payment?

With interest rates on the rise, buyers have been asking, "How do higher interest rates really affect my monthly payment?" The answer might surprise you and it's not as much as you would think.
In this example, we're using a buyer with a 760 credit score putting 10% down on a $300,000 sales price using a 30-year fixed-rate mortgage. The monthly principal and interest payment change is only $18.90 a month per .125% rise in interest rate.





Today's rates are still near half their historical average of over 8%. That provides continued opportunity to lock in very low rates, even if they are higher than in recent history. The days of 4% interest rates are behind us, for now, so maximizing your down payment is a vital component to keeping your payment as low as possible. This is why having an experienced mortgage lender on your team is key to your home buying success. They can help you organize your finances, such as payin ...

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