All signs are pointing to a rebounding real estate market in 2013, data from the National Association of Realtors suggests. Median home prices continue to rise yet still remain below their 2007 highs, suggesting a real estate “sweet spot.” The new year will usher in more choices and the Dallas area has been specifically cited by a chief economist expert at Zillow as a region with major finds waiting to be discovered
Despite upticks in supply and demand, mortgage rates are running at unprecedented values and in fact, continue to dip. According to The Wall Street Journal, in mid-November, the 30-year fixed-rate dropped below 3.5%, while the 15-year mortgage remained under 3%. And, the Federal Government has been consistently transparent about maintaining interest rates at such attractive costs for the next 30 months, at a minimum.
But if real estate has proven anything, it is its own unpredictability. A sudden surge of new buyers and sellers could conceivably bring rate changes in the Dallas mortgage market but at the very least the influx might slow down application processing. Our suggestion is to lock up your mortgage position before the rush, especially with Dallas being called out as having some of the most attractive real estate opportunities in the country.
Take advantage of these historic rates now and avoid the anxiety of watching your dream home be purchased by another owner ahead of you in the mortgage curve. Please contact us for more information about Dallas real estate and mortgage options.
Author:Adrienne Sommerfeldt Phone: 214-733-0100 Dated: January 3rd 2013 Views: 767 About Adrienne: Adrienne's real estate career began over fourteen years ago and today she is the glue that keeps The...
With over 20 years of experience (yikes, that makes us seem old) in Real Estate Sales and Contract Negotiation, The Key Group is the one-stop shop for all your Real Estate needs. If you are in the market to buy a new home, sell your current house, or invest in Real Estate, please contact us anytime!
The Key Group is a team of six licensed real estate agents working under the brokerage of Keller Williams Realty located in Dallas, TX near the intersection of Frankford and Preston.
Own a piece of Texas History in this charming cafe an hour outside of
"Niki was awesome! She immediately began helping us find financing,
which we were able to get, much to our surprise. She maintained contact with me the entire time, checking up and keeping in touch with the mortgage broker. Once we were pre-approved, Niki began helping us find a home in earnest. She was honest and wanted to know everythingbwe thought about each home - good and bad. She pointed out things wevdidn't notice that were of concern. I felt safe with her and trustedvher to keep my best interest at hand - and she did! We are now living in a fantastic home that we never would have believed we could own, let alone afford.