Interest Rates are Falling Today!

Just to let you know, if you are "sitting on the fence", waiting to write a contract, rates have really improved today. Conventional rates are 5.375% -5.75% depending upon credit and LTV. FHA rates are 5.50%-6.00% depending upon credit and debt to income ratio...

Interactive Map of Home Prices in the United States

Thought this web site was interesting...

You can move your mouse across most cities in the USA and by clicking on the little house you can then see the median price and the drop/gain in prices. Check out some cities in Florida etc, and you can see that the Dallas/Fort Worth area is doing much better than the rest of the nation.

Click here for the map...

http://www.realtor.org/rmonews_and_commentary/articles/2008/nar_research_maps_msa?LID=RONav0022

MLS Statistics for North Texas through October

Interesting Video From Keller Williams Realty

Discussing national trends and giving their opinion of the real estate market for the near future...

http://www.youtube.com:80/user/kellerwilliams

North Texas Foreclosure Update

Texas foreclosures have been moderate compared to the U.S. trend...

U.S. foreclosures are up 28% YTD for 2008.

Texas foreclosures are down 18% YTD for 2008.

In 2007, Texas was one of only 6 states that reported a decrease (4.6%) in delinquency foreclosure filings vs. a 75% national increase. During the 1st half of 2008, foreclosure filings were up 1% vs. a national increase of 61%!

So far, Texas has avoided high foreclosure levels (compared to the rest of the country). A stronger than national average with fairly low unemployment and continued population growth continues to fuel demand for housing-just not at the unsustainable levels of the boom years.

MLS Activity Report through September 2008

MLS Activity Report through August, 2008

Mortgage Rates Drop and activity picks up...

Mortgage companies around DFW are reporting an uptick in consumers looking to take advantage of interest rates that have dipped just below 6%. If you are in the market to buy, the combination of many distress sales in the marketplace and interest rates this low provide a great opportunity. Please give us a call if we can help at (817) 635-1150 or search every home at www.tarrancountylistings.com.

Updated Market Data for Arlington, Texas

Mortgage Rates Have Dropped

Mortgage rates have dipped in the past few weeks to an average low of 6.21% for a 30-year fixed mortgage. The current average rate for a 15-year fixed mortgage is even lower at 5.80%, while the rate for a 5/1 adjustable rate mortgage is 5.69%. Compared to the middle of last month, when the rate for a 30-year fixed was around 6.41%, this lower rate means a savings of $31 each month, or $375 each year, in monthly payments on a $240,000 mortgage.