When Houston Capital Mortgage founder Chris Viviano entered the home lending business in 1982, rates were as high as he's ever seen them: 18.5 percent.
Today, mortgage rates are below 4 percent, and Viviano expects them to stay that way for a while as investors continue to perceive the U.S. bond market as a haven.
Houston's strong housing market, coupled with new programs to lower out-of-pocket costs such as Fannie Mae's 3 percent down-payment option for first-time buyers, can generate plenty of demand for borrowing.
With the recent acquisition by Dallas-based GenEquity Mortgage, Houston Capital Mortgage is poised for growth.
As division CEO, Viviano is working on expanding the Houston Capital Mortgage division locally and the GenEquity Mortgage brand into Austin, San Antonio and other markets.
Viviano spoke with the Chronicle about money and real estate. Continue Reading