Inflation
By Ryan Casey Stephens, FPQP®Special Contributor The absurdity of higher interest rates despite lower inflation continues this week. The 30 Year Fixed mortgage rate is 6.95 percent, at heights not seen since November when inflation was nearly two points higher, above 7 percent. Mortgage bonds, which largely determine rates, are on shaky footing. Some crucial…
By Ryan Casey Stephens, FPQP®Special Contributor Despite many economic measures moving in the right direction, including inflation readings, mortgage interest rates are heading back up to the stratosphere. We now run the risk of high rates and housing costs ruining what could be a much-needed healthy spring market here in North Texas. That’s why today…
By Ryan Casey Stephens, FPQP®Special Contributor Dear real estate professional, I see you. The battles you’ve fought in the last six months have been real. You’ve been forced to transition from abundance to scarcity, but so far you’ve survived. I’m here to tell you again that the game is going to change. The hard times…
By Ryan Casey Stephens, FPQP®Special Contributor Have you noticed changes happening around you? My neighbor’s nice, clean home has been on market for more than 40 days, and now they’ve reduced the price. If you’ve shopped for a used car you’re likely seeing prices falling by the day. Credit interest rates of all types have…
By Ryan Casey Stephens, FPQP®Special Contributor This is one of those funny weeks where nothing happens, then everything happens all at once. Data-packed holiday weeks can cause havoc in markets since traders don’t have much time to digest the readings and reports coming in. With any luck though, we’ll get some positive figures, and the…
