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Another rainy week in store during cooler than average summer

(Pexels)

It's shaping up to be another rainy week in Austin, racking up the flow of unusual weather seen in the Hill Country since summer began.


Austin typically hits an average of 36 inches of rain per year, though every year since 2014 has seen well above that. Austin has already seen almost 30 inches this year alone and instead of the typically 100-degree-plus summers that Texans are used to seeing, temperatures have been cooler than average, according to the National Weather Service.

Over the next week, there will be a 20% chance of rain every day until Sunday and temperatures hovering around a 90-degree high and 75-degree low.

Strong winds and scattered thunderstorms brought by a late cold front are in store for Monday, scattered thunderstorms throughout the day on Wednesday and high-powered winds going into the weekend.

Don't get caught in fast-moving winds! Here's a video of strong winds captured by an Austonia reader last week.

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