Mortgage Rate Update for Dallas Texas September 21st 2018. Mortgage rates are trending higher this week and look to continue that trend absent some unforeseen event. The yield on the 10 year bond has reached a 5 year high which normally signals higher interest rates.
The Fed has been scaling back its purchases of mortgage-backed securities and to that end will discontinue mortgage-backed securities purchases October 1. Because they will no longer be purchasing mortgage-backed securities this could lower demand. The lower demand will more than likely result in higher yields to investors and subsequently higher interest rates to borrowers.
If you would like to get ahead of these higher interest rates, let’s get you a house today. Let me help you get prequalified for not only a great rate with low fees, but more importantly, the best loan to suit your individual needs. Getting the lowest mortgage rate may not always be the best loan for you. As a mortgage professional with over 20 years of helping homeowners make the right mortgage decisions, I can provide you a customized analysis and several scenarios from which you can choose. From First Time Home Buyer Programs to Renovation Purchase Loans and Bridge loans, I can help. Call me today or start your process online at www.mortgageprosUS.com or even download my free mortgage app today.
Richard Woodward, NMLS 217454
Your Local, Direct, 5 Star Rated Mortgage Lender, Specialty Lending Manager
Office: (214) 945-1066
Service First Mortgage NMLS 166487
6800 Weiskopf Ave #200, McKinney, TX 75070
Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. Service First Mortgage is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice. The views expressed on this site are those of the individual author and do not necessarily reflect the positions, strategies or opinions of Service First Mortgage or its affiliates.