Found 2 blog entries tagged as Mortgage Rates.

2024 Mortgage Interest Rates Decrease - Dallas Fort Worth, TX Housing MarketAs we embark on the intricate journey through the 2024 Texas real estate market, the landscape presents a blend of challenges and opportunities, particularly in Dallas-Fort Worth. Recent data from the National Association of Realtors (NAR) reveals a slight downturn in existing-home sales in December 2023, with a 1% month-over-month decrease and a substantial 6.2% decline compared to the previous year. Despite this setback, optimistic forecasts from NAR hint at a potential resurgence in sales figures fueled by lower mortgage rates, which currently hover below historical norms.

One of the pivotal factors influencing mortgage rates and, consequently, home sales is the stance of the Federal Reserve on interest rates. Economists closely monitor the Fed's…

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DFW Real Estate

As many economists and real estate professionals have said, 2015 looks to be a very bright year for the real estate industry, not just here in Dallas, but all across the country. Looser lending standards will surely pave the way for more first-time home buyers to enter home ownership over the next 12 to 18 months, and with an incredible amount of pent up demand among this particular demographic, we’re already starting to see a pretty substantial increase in activity among home buyers just one week into the new year.

Few will argue that purchasing a new home around the DFW region is a major financial decision and commitment, especially among those first-time buyers. But it’s important to understand the many advantages to buying a new home aside from just…

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