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Diana Walton

Diana Walton Properties

A Time to Buy- A Time to Sell by Diana Walton

A Time to Buy - A Time to Sell by Diana Walton is a comprehensive dialogue designed to keep you informed with up to the minute market data to help you make the best decision regarding your real estate goals, buying or selling.

Hi, I am Diana Walton-Broker, do you have questions regarding the purchase of a home or are you thinking of selling your current home, please call, text, or email me any questions or concerns you may have. Thanks for visiting, come back soon!

The Market In a Minute

May 7th, 2018

Hi, Good morning everyone, this is Diana with a quick look at what's going on with mortgage rates. Rates continued to rise in the past week as Freddie Mac announced that 30-year fixed rates rose to 4.58% from 4.47% the week before. A year ago, 30-year fixed rates averaged 4.03%. Attributed to Sam Khater, Chief Economist, Freddie Mac -- “Rates on home loans are now at their highest level since the week of August 22, 2013.

Despite the increase in borrowing costs, demand for home purchase credit remains solid. If you are thinking of buying a home, waiting may not be the way to go. If you decide to wait for rates to go down, you may find yourself in a situation of dealing not only with rate increase, but increased home price as well, as both continue to edge up. Happy home buying!

Diana Walton - Broker

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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
Diana Walton Properties
11111 Katy Freeway Suite 910, Houston, TX 77079   Get Directions
Phone: (281) 923-1118