TX Mortgage Gal

06/18/2025

06/17/2025

Mortgage rates are still cruising in a tight lane—staying between 6.8% and 7.0% for a top-tier 30-year fixed loan almost every day for the past two months. 📊

Today, we saw a slight improvement, with rates dipping just 0.03%—a welcome shift after last week's small climb.

This morning’s Retail Sales report? Minimal market reaction. But subtle gains in the bond market—possibly tied to broader global tensions—gave lenders just enough room to ease rates a bit.

👀 The real spotlight is on tomorrow’s Fed announcement. No rate cut expected—but don’t tune out. All eyes are on the dot plot, the Fed’s forecast for future rate moves. It’s the data that often shakes the market, even if the headlines don’t.

⚠️ Bottom line? Volatility risk is real, even if the outcome isn’t always dramatic.

✅ Want to stay ahead of the curve? Follow now to stay informed on what rate movements could mean for your next move in real estate or finance!

Stay ready. Stay informed. Let’s navigate this market together!

05/27/2025

7% rates aren't fun, but they're also not new. One need only go back to February to see the better part of a month spent over 7%. In the even bigger picture, the long term high of 8.03% in October 2023 and a subsequent low near 6% about a year later means that 7% is exceedingly "middle of the road."

The problem, for most people, is that it's been the middle of the road for far longer than anticipated. As has been and continues to be the case, there's not much incentive for a big improvement without 1 or more of the following 3 things:

1. A sharp and sustained decline in inflation
2. A sharp and sustained downturn in economic activity
3. A sincere, bipartisan effort to reduce the deficit

Bullet point number 3 was on full display this week as bond traders generally protested an absence of more serious efforts to reduce spending amid congressional debate on the current bill. Why do bonds care? Simply put, the US sells Treasury debt to meet its spending obligations (tax revenue alone isn't enough). Treasuries are like any other economic commodity: the more there are, the lower the price, all other things being equal. And when bond prices fall, rates go up.

05/16/2025

Up to 100% financing! Ask me how!

02/15/2025

10/09/2024

🤣 sometimes.....

09/20/2024

ATTN: REALTORS
This statement was published in a NAR guide on September 4th:

“NAR continues to advocate for the VA to offer flexible and competitive loan products. For example, some veterans are still losing out due to VA’s strict appraisal requirements for
properties they insure”

What does this do for agents lacking experience with VA loans. It scares them thinking the VA appraisers will be looking to call out any little item on an appraisal. Yes VA has MPRs but I never had an appraisal that I couldn’t close due to a repair item. It’s our job to spread the message that this is not the case. When lenders like us are behind the transaction we need to ensure the agents of our education and experience with the VA appraisal process. For example, MPR waivers, lender certification of repairs.

Appraisers are not home inspectors. They’re there determine the homes value. This is clearly outlined in chapter 12.

09/03/2024

🏠
NATIONAL MARKET UPDATE

After a June gain, the Pending Home Sales Index of signed contracts on existing homes slipped in July. But first-time buyers are returning to the market, as pending sales of starter homes rose 10.2% over last year.

Case-Shiller national home prices edged up in June but slowed to a 5.4% yearly gain. The FHFA index of prices for homes with conventional mortgages ticked down in June and saw its third straight slowdown in quarterly growth.

The Mortgage Bankers Association noted weekly “mortgage applications were slightly higher, driven by marginally stronger purchase activity. Refinance applications were essentially unchanged but are still 85% higher than last year.”

08/15/2024

Come check out the North Texas Fair & Rodeo in Denton. Starts tomorrow! 🐎💃🕺

The kicks off tomorrow (Friday, 8/16) with 10 days and nights of exciting rodeo action! Plus 100’s of exhibits, games, rides, and live music! Visit www.ntfir.com for info!

04/11/2024

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