Southlake Mortgage

07/03/2023

Great article, absolutely correct. As a buyer contending with higher rates beats the market of the last 2 years, competing against 20+ offers and having to offer ten’s of thousands of dollars above asking. Buy now while you can, refinance later!

In many markets sellers are back to offering seller concessions. Paired with our Smart Buy down payment assistance it’s possible to get into your new home for ZERO money due at closing.

Getting prequalified is a simple 5-10 minute call. If you’re thinking about buying give us a call today! 214-550-0137

06/24/2023

Check out Castle Rock’s newest community in Conroe Caney Mills! Beautiful homes starting as low as $210,990.

We are a preferred lender with Castle Rock. Combine seller concessions with our Smart Buy down payment assistance program and there is the possibility of getting into a brand new home for zero money upfront!

Give us a call to get qualified today!
214-490-4596

06/14/2023

Don’t miss your opportunity to buy a house!

Our Smart Buy assistance program provides 4% of your purchase price which can be used to cover your down payment and or closing costs.

Standard FHA 3.5% down
620+ credit scores
No first time buyer requirement

The truth of the matter is there is still not enough inventory to sustain a normal market. However, elevated rates have the competition sitting on the sidelines. Smart buyers are capitalizing on the reduced competition and buying now.

Call us today to get your approval in place!

214-490-4596
NMLS 151017

12/24/2019

Happy Holidays to everyone! Thank you to all of our clients and agents for making 2019 another great year. We were able to assist over 700 families this year obtain the financing for their new home! Here's to a GREAT 2020!!

12/01/2018

10 year broke below 3% for the first time since mid-September. We had been range bound between 3.05-3.30% for approximately 2-3 months. Recent move down in yields can be attributed at least in part to signs that the Fed may start to cool their jets on subsequent rate hikes. There's 25-50bps already priced into the market, and those hikes are almost a certainty. However, after that it appears the Fed may take a sit back and wait approach as opposed to full steam ahead with rate increases. If that's the case we should see rates in the 4.5%-5.00% range from Q1 & Q2, any signs that the economy is truly slowing and it's possible we could see rates lower than that. I saw ZERO slow down in applications and or borrowers struggling to qualify with rates in the low 5's. However, if rates do trend back down to the mid 4's I do believe there's going to be a lot of the fence sitters jumping into the market. Should be a real nice 6 months coming up.

11/02/2018

The truth about loan officers!!

10/16/2018

Important week or two coming up for rates. We backed off of the highs on the 10 year and put in what could be a technical ceiling right around 3.25%. There's no real catalyst at the moment to send rates higher. Major moves in the stock market last week sent money back into bonds with investors taking risk off, combine that with statements made by Trump directed at the Fed encouraging them to back off of their aggressive language, and what we have is a downward trend in rates that should continue throughout the next few weeks. From a technical stand point if we can break under 3.10% we should immediately test 3.05% on the 10 year. If we hold 3.10% we'll trade range bound between 3.10% and 3.25% with rates ranging from 4.75%-5.00%. If we break under 3.05% there's room to run down from there which will equate to rates in the mid 4's, ranging from 4.375%-4.75%.

NMLS: 151017
Matt Schwartz
214-550-0137
[email protected]

10/02/2018

09/30/2018

Top reviewed loan officer in the state of Texas! Keep up the great work Matt Schwartz!

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09/30/2018

Closed out a great September thanks to our awesome clients and referral partners. Contracts received through October 16th will be pushed to close for end of month October!

09/30/2018

Small snippet of what some of our clients are saying about Southlake Mortgage!