They say everything rises and falls. This certainly applies to mortgage interest rates. While we have seen interest rates at or near all-time lows for quite some time, things may be about to change. According to Freddie Mac’s weekly survey or more than […]
Much of Texas and for sure North Texas is in the midst of one of the hottest housing booms this century. In most housing booms, there is high demand and low inventory which is reflected in higher home prices. According to Ellie Mae, 40
The headlines locally and nationally are abundant when it’s about the North Texas housing boom. “Dallas real estate market is going wild as homes are snapped up in days.” – MarketWatch.com “D-FW zooms to top of U.S. homebuilding markets.” – Dallasnews.com “Median home sale
The Highs In case you wanted something that is one of a kind this 8,500 square foot penthouse unit is the highest home in North Texas. It takes up the entire 42nd floor of the Dallas Museum Tower condo building. That building is the
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Last week’s economic news with regards to the direction of the economy and home mortgage interest rates was mixed. On the positive front, New Home Sales rose 3.5 percent from May to June according to the Commerce Department. Year-over-year New Home Sales have experienced
Maybe. Last week we saw inflation on the rise with the Consumer Price Index (CPI) rising 0.2 percent from May. Also, the Core CPI, which excludes volatile food and energy prices also increased by 0.2 percent. If we look back over a year from
If you’ve been tracking mortgage interest rates lately, you’ve seen some volatility. Today, mortgage rates have dropped again. In fact, mortgage rates had their largest 3-week improvement over the last 54 weeks, falling to levels not seen for many months. What does this possibly
Is this a good time to buy a home? It’s a question with no correct answer. Dallas-Fort Worth home prices have risen 9.5 percent year-over-year in the fourth quarter of 2015 as demand continues to surge, according to the Texas Quarterly Housing Report. There
According to Freddie Mac’s weekly survey of more than 100 mortgage lenders, the 30-year fixed-rate mortgage rate dropped another 2 basis points (0.02%) this week, falling to an average of 3.79% nationwide. This has been the fourth consecutive week mortgage rates have fallen! We now
Mortgage rates were crushed today, moving higher than any single-day since 2013. The 30-year fixed mortgage rate experienced a full eighth (.125) point hike. There have only been 14 days in the past five years that have had a spike of an eighth or