Purchasing a home is a major life event. You don’t want to trust this investment to just anyone. It’s crucial that you take the time to compare your options so you can find the best mortgage brokers in Dallas, TX for your needs. Take these steps to thoroughly assess the lenders in your area.
Evaluate Your FinancesBefore you start connecting with Dallas mortgage lenders,...
The Texas housing market is set to see continued growth in fall 2022 as the current economic expansion continues and job opportunities increase. The Lone Star State’s population continues to grow at a steady pace thanks to its diverse economy and low cost of living. Additionally, more Texans are looking for affordable housing options, which bodes well for the state’s...
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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...
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,...
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.
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...
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...
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...
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...
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...
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