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Abbott
(Office of the governor)

Gov. Greg Abbott said on Friday that "the worst is yet to come" in the Texas COVID-19 surge. "If we do not slow the spread of COVID-19," Abbott said during a TV interview, "the next step would have to be a lockdown."


The Texas Tribune reports:

"Abbott has pushed that message repeatedly in television interviews this week. But he emphasized Friday that another shutdown was not imminent and he pointed to steps he has taken so far to scale back reopening in an effort to curb the spread of the coronavirus, including the mask order and a requirement that bars, once again, close their doors. He has also tightened restaurant capacity limits."

More than 10,000 people in Texas are now hospitalized with the coronavirus.

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A mortgage banker walks us through the math on purchasing a 'mid-price' Austin home
Shutterstock

So you want to buy a house?

To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.

Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer.

Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.

So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which would be considered "mid-price" in today's market.

Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.

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Fall camping: Camp Fimfo Waco offers one-of-a-kind experiences in the heart of Texas
Camp Fimfo Waco

Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!

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