Where Are Mortgage Rates Headed?There's never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American:You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.Coming into this year, most experts projected mortgage rates would gradually increase and end 2022 in the high three-percent range. Its only April, and rates have already blown past those numbers. Freddie Mac announced last week that the 30-year fixed-rate mortgage is already at 4.72%.Danielle Hale, Chief Economist at realtor.com, tweeted on March 31:Continuing on the recent trajectory, would... 04/19/2022

How To Navigate a Market Where Multiple Offers Is the New NormalIf you're thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply coupled with high buyer demand means you should be prepared to navigate a highly competitive market where homes sell fast and get multiple offers. Realtor.com has this to say:Homes also flew off the market at record pace as buyers put offers in the moment properties came up for sale.In a bidding war situation like this, doing everything you can to get ahead of the competition is a wise move. Thats because when you find a house and submit an offer, it'll likely be up against strong offers from other buyers. According to the latest Realtors Confi... 03/16/2022

Down Payment Assistance Programs Can Help You Achieve HomeownershipFor many homebuyers, the thought of saving for a down payment can feel daunting, especially in todays market. Thats why, when asked what they find most difficult in the homebuying process, some buyers say its one of the hardest steps on the path to homeownership. Data from the National Association of Realtors (NAR) shows:For first-time home buyers, 29 percent said saving for a downpayment [sic] was the most difficult step in the process.If you're finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that can help you achieve your goals. The key is understanding where to look and learning what options are available. Here's some information that ca... 03/10/2022

  Grand Mission, Richmond TX Price Range:  Resale home prices range from $130K to $350K.  New construction starts from the $160K’s to the $340K’s and up. Grand Mission, Richmond is a fast-growing master-planned community in Richmond located on Grand Mission Boulevard off the Westpark Tollway where residents enjoy a small town atmosphere with all the benefits of a cosmopolitan city nearby. Grand Mission residents enjoy beautiful hiking and biking trails, sparkling lakes, parks and playgrounds, landscaped green spaces, a recreation center with a fitness center and junior Olympic size swimming pool with a water slide and splash park. There are two subdivisions, Grand Mission and Grand Mission Estates.  Home sizes range from 1,700 square feet to roughly 5,000 square feet.  Currently, there ... 08/17/2013