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Denton TX Mortgage Rates

Denton TX Mortgages – Lock Your Rate Or Not?

Should you lock your Denton TX mortgage interest rate at the time of application? If you are buying a home, it's a difficult question to answer. As early as last week Treasury bears were screaming at the rooftops that yields (and by default mortgage rates) were going to shoot higher, as evidenced by the 10-year Treasury crossing a supposed line in the sand above 3%. What a difference a few days makes! This morning the yield on the benchmark 10-Year Treasury dipped to 2.82 percent, retracing 29 basis points from the recent "line in the [...]

Denton TX Mortgage Rates Highest In 7 Years

Denton TX mortgage rates reached their highest levels in 7 years according to the latest weekly survey data from Freddie Mac. With Denton area home prices at record levels home sales activity and prices could soon be affected. As I have detailed in previous posts, you can already see this happening in many of the more expensive DFW submarkets. It is rather ironic that the Fed's latest Quarterly Report On Household Debt and Credit shows that debt rose for a 15th consecutive quarter with the latest increase fueled by mortgages and student loans. The real [...]

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