Lampasas County: How Rates and Buydowns Affect Buying Power

What does a 7.32% mortgage rate mean for a buyer in Lampasas County today? With the median closed sale price at $319,745 across 76 homes in the last six months, monthly payments are significantly higher than in previous years. A standard purchase with 20% down on a median-priced home results in a principal and interest payment of $1,757 per month. ALEX Intelligence applied a scenario model to show how buydowns can alter this picture. A 3-2-1 temporary buydown reduces the rate to 4.32% in year one, saving $488 monthly, then 5.32% in year two, and 6.32% in year three. The total cost for this buydown is $11,892, or 3.72% of the median sale price. A shorter 2-1 buydown costs $6,036 (1.89% of price) but offers less long-term relief. These figures are estimates based on current market rates and do not constitute an appraisal. While the median price has risen 11.0% compared to the prior six-month period, these financing tools can help bridge the gap between affordability and current interest costs. Buyers should weigh the upfront cost of a buydown against their expected holding period in the home. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog