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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 be watching the economic news that will be announced Tuesday and Wednesday.

Great weekend activities:
Sunday Funday: Head over to Ft Worth and Panther Island for some fun in the water.
https://www.yelp.com/events/fort-worth-sunday-funday-panther-island-pavilion-2

Addison Summer Series: For some family fun head to Addison for their summer concert series. https://www.yelp.com/events/addison-addison-summer-series-26

Stay In The Know

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