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‘DFW Market Update’ Category

April 13 Market Update from Andy Tuttle

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If you are shopping for a home, you know there is a lot of noise in the marketplace. Earnings and stocks are rallying at a quick pace. Last year, the Fed was buying up $550 million/month mortgage back securities, this year they are buying $440 million/month in mortgage bonds, which is a 20 % reduction which will force rates to go up. This...

Spring Mortgage Rate Overview

If you’re looking at buying a home this spring, it’s important to look at the mortgage rate that you could be getting. Rates are on the rise, which is leading to fewer mortgage applications being submitted.

The State of the Housing Market Understanding the housing market will make it easier to see what’s going on as a whole. Throughout Texas,...

DFW Mortgage Market Update February 16

The stock market recovered the loses from all of the gains from last week. So this pressured bond pricing but with a late-week rally, we are looking for improvement this week. Good news if you were pre-approved contact your lender to make sure you are still qualified.

Zillow is not the best resource for searching for homes. The database for homes is not updated in a timely manner....

Final 2017 DFW Mortgage Market Update

Final 2017 DFW Mortgage Market Update.

This week we saw an improvement in the bond market. While most bond traders were on holiday break but there was some volatility. We had a nice rally that saw rates improve by about an 8th of a percent.

We may see higher rates (still historically low). Rates may inch up, but it is still a great time to buy. Have a great holiday...

Year-End Planning and Possible Tax Implications

With the new tax reform, means that some advanced planning on your part could result in some financial savings. A new tax reform could be effective as early as January 1, 2018. It would impact rate brackets, capital gain rates, standard deductions, and a mortgage interest deduction.

Your Home Mortgage It looks like the Senate bill would leave current...

DFW Mortgage Market Update September 8th

Hurricane Harvey influenced the jobs report as well as the debt ceiling was raised to compensate for the storms that have hit the US. The technicals are looking a little bearish for bonds due to the North Korean bomb-test. Short week with the weather/political news caused the market to spike. Next week look for the technicals taking over. Bonds are poised for a reversal so please lock...

DFW Mortgage Market Update August 25th

This week we saw Trump discuss the NAFTA trade agreement and the Jackson Hole Symposium. We are at a 5.8 month supply nationally. In DFW we see a 1.2 month supply. As we head out of summer, we saw the home price index had appreciated 6.5% over the year.

The Jackson Hole Symposium did not discuss any details of the unwinding of the quantitative easing. The news about the NAFTA...

DFW Mortgage Market Update Aug 12th 2017: North Korea threats spook market and bonds benefit

The news this week surrounding the tension in North Korea has caused the stock to have some downward turns. The news affects the bond market due to the “flight to quality” to their inherent safety.

The chart shows the bond market rising which help lower mortgage rates. So if you have a contract pending now is the time to lock in that rate. If you are still shopping, we will...

DFW Mortgage Market Update Aug 4th 2017

This week we saw the stock market go over 2200, but bonds rallied at the same time. Mortgage rates are better since July, but the jobs report may stall due to a better than expected report. While the jobs report was very positive, this may affect the long term bonds market. We are hoping for a breakout next week, carefully floating position.

DFW Mortgage Market Update July 29th, 2017

This past week was full of news and events, including the Fed meeting, initial job claims, and a stock market rally.

The Fed did not raise the rate and will be stable for now, but we are looking at an increase possibly in September, The GDP was revised lower, we are at a 1.9% growth which is slower than anticipated. The job market continued to be strong, and for a record 125th...

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.