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Market News January 4th 2024

Rate-friendly reaction to data on Wednesday, and not a moment too soon for those hoping to keep hope alive.  That said, the rally merely gets yields back down to the highs of the past two weeks.  The market will need more convincing from econ data if rates are to improve meaningfully in the short term.In this video, I provide a market recap and discuss the impact of technical factors on mortgage rates. I explain the relationship between the 10-year bond market and mortgage pricing, as well as the role of the Federal Reserve. I also highlight the challenges we face with inflation and national debt. Additionally, I share insights on commercial loans and their influence on interest rates. Finally, I offer advice on whether to lock or float your mortgage rate based on the current market conditions.

Home buyers guide Fall 2023

What’s Going On in the Housing Market Right Now?ThanksPatty Newby and theLoanDesigner

Market News December 12th 2023

Rising mortgage rates have taken both buyers and sellers on an emotional roller coaster this year. In early January, the 30-year fixed mortgage rate was 6.45%, according to Mortgage News Daily, and trended upward throughout the course of the year, peaking at 8.03% in mid-October. Even though some economists and housing market experts at the time predicted that 8% mortgage rates were here to stay, the market has shown otherwise. Today, average mortgage rates stand at 7.07%, Mortgage News Daily data shows.This trend has “sparked a modest uptick in mortgage applications for home purchase in November,” according to a Capital Economics report released Thursday. What’s more, the London-based research firm, known for its housing market forecasting, predicts a continued drop in mortgage rates based on its analysis of U.S. Treasury bonds.“Recent falls in Treasury yields mean further falls in mortgage rates are imminent, so the trough in mortgage demand is now behind us,” Thomas Ryan, U.S. property economist for Capital Economics, wrote in the report. “Looking ahead, we think that it’s now extremely likely we’ve seen the peak in mortgage rates and anticipate a steady decline over the next two years.”

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14886 Foxbriar Ln

Welcome to this exquisite property, a true gem in the heart of sought-after Villages of Stonelake Estates within Frisco ISD! Built by Highland Homes, this 1 story reflects the epitome of luxury living. with only 1 prior owner, this meticulously maintained home exudes charm and sophistication. As you step through the front door, be greeted by the timeless allure of neutral and trend appropriate white oak floors that seamlessly flow throughout the entire space. The focal point of the living area is a stunning stone fireplace and is accentuated by the vaulted ceilings that create a sense of airiness and grandeur. The adjacent kitchen is a chef's dream, featuring a spacious island with var stool seating, gas cooktop and planning desk. The dedicated home office provides the perfect quiet setting for work or study. The 3-car garage allows ample space for both vehicles and storage, but what sets this property apart is the tornado storm shelter which gives peace of mind during inclement Texas weather.

1907 Kathy Dr

Beautiful NEW CONSTRUCTION home in a great location within easy reach of great schools, lakes, shopping, dining &more. This 2- story home offers 3 bedrooms, 2.5 bathrooms & 1,847 sq ft of living space. The primary is located downstairs as well as the office. The open concept design of the main area creates a spacious feel, perfect for entertaining or spending time with family. The living room has large windows for natural light to flood the space. The kitchen is equipped with modern stainless-steel appliances, granite countertops, ample storage & pantry. The spacious primary bedroom includes ensuite bathroom with dual sinks, soaking bathtub, walk-in shower, large soaking tub &large walk in closet. The 2-car garage provides plenty of room for vehicles & additional storage. The backyard has a great view and covered patio. If this floor plan does not suit your clients needs, there's other homes that are listed or close to being finished.

721 Mallard Trl

Welcome to 721 Mallard Trail, a stunning 2-story home located in The Aviary. This beautiful property boasts an impressive 5 bedrooms and 4 bathrooms, providing ample space for the whole family. With a 3-car garage and extensive hardwood flooring throughout, this house exudes both style and functionality. As you enter, you'll be greeted by a sweeping staircase and a charming study with French doors. The gourmet kitchen is every chef's dream, featuring a large island, stainless steel appliances, custom cabinets, and granite counters. With 4 living areas, including a media room and game room, there is no shortage of entertainment options in this incredible home. Step outside into the backyard oasis, complete with a covered patio and an amazing pool and spa. The B+B privacy fence ensures total seclusion as you take a dip or soak up the sun. Plus, there are custom volleyball and basketball areas for even more fun-filled activities.

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NorthGlen in Haslet

Now selling in Phase II of NorthGlen in the city of Haslet. Our Country Homes at NorthGlen offers Custom homes that are truly affordable. The floor plans that you see in this community are just a small example of some of the plans that have have built here. Use these just as inspiration for us to design your perfect dream home! NorthGlen is located we’re close to 35 and 287 for quick and easy commutes to downtown Ft.Worth or the Alliance corridor a breeze. NorthGlen is part of the highly acclaimed Northwest ISD. We are now selling Phase II. Stop by soon and let us help design the home of your dreams.

Sandstrom Ranch

Sandstrom Ranch is a great new community offering 1+ acre lots in Ft.Worth. Located just minutes from Eagle Mountain Lake, this community offers great proximity for lake recreation, as well as near by parks and trails for hiking and biking. This community is also near several major thoroughfares, making commutes for shopping, entertainment and work a breeze. Sandstrom Ranch is one of our custom plan communities. The floor plans associated with this community are meant as inspiration. These plans can be modifies, built as is or we can custom design a floor plan just for you. If you are looking for large lots and wide open space, Sandstrom Ranch may just be the perfect place to call home !

Lakes of River Trails

NOW SELLING! The Lakes of River Trails community is a scenic community with several lakes, greenbelts, walking trails and private parks. This highly sought after community is located in far east Ft.Worth, just on the edge of HEB. The central location offers close proximity to many major thoroughfares, allowing for easy access for your daily commute, as well as close-by area shopping, dining. A brand new on-site elementary school is now open for our elementary residents . Lakes of River Trails is part of the highly acclaimed Hurst Euless Bedford-ISD.

Reviews

"Ease of communication and ease of submitting documents. The team made the entire purchase effortless for me."

corinne r t

"Everyone was easily accessible. There were issues with communication in regard to when we were closing but our loan officer was able to get us to close on time"

tiffany t l

"All of my questions answered with no hesitation and we were always kept in the loop of the process from start to finish. Always friendly and professional."

tifani s l