The median price of pre-owned homes sold by Realtors in north texas rose in May to a record $180,000. At the same time, low mortgage rates and a stronger economy are making purchases more.
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Mortgage rates remain near decades-low levels. The recovery of the U.S. housing market – as well as North Texas’ – is moving at a glacial pace. “We are going to rock along with little blips and.
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“These high rates of increase in sales and prices were going to cool off any way,” said James Gaines, an economist with the Real Estate Center at Texas A&M University. “I think it will be gradual.”.
A Dallas grand jury has indicted five people – four now living in North Texas – alleging a broad mortgage scam that cost banks $22 million in bad loans. The 29-count indictment released this week.
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Aug. 21, 2019 (SEND2PRESS NEWSWIRE) – The Mortgage Collaborative (TMC), the. With 348 attendees, TMC is celebrating a 17%.
Fort Worth-based Saxon Mortgage. and distressed loans. Saxon has offices at 4700 Mercantile Drive in Fort Worth and at 3701 Regent Boulevard in Irving. Representatives with Saxon did not return.
Higher home financing costs won’t derail the housing market this year, the country’s top mortgage. Walsh said. "Loans in foreclosure are at the lowest level since 2007." There’s no sign of an.
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"You wouldn’t be seeing this type of activity in the market if the mortgage rates had gone up like a lot of people expected," Wilson said. "Consumers are jumping to take advantage of this if they can.