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DFW Mortgage Update – April 29, 2017

Hello, home buyers and happy weekend.

Great things. Stats show great appreciate 8.2% for a metro area. Fantastic place to buy a home. We will continue to see appreciation in this range for the next few years. For instance:
$10,000 down on a $200,000 home that $20k on 8% appreciate you will make $16,000

Rates
Not only appreciation is up, but inventory is low. Time to take action.
Before November 8 we had our lowest rate.
Since the election, we have seen a 1% increase. Since March we saw a nice rally. Regretfully negative world events affect the market in positive ways for us. The Fed statement has helped the bonds get on track. We see a possible squeeze play. Typically means there may be a pop out. We might see this change depending on US economic news.

Right now you are in the real 4% rate. Changes may give you some small changes to your monthly mortgage payment.

Stay In The Know

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