Andrew Wells - Mortgage Loan Originator - NMLS # 1875315

06/11/2025

📢 Agent Market Update – June 11, 2025 🏡

The bond market got a boost today thanks to cooler-than-expected inflation numbers from the May CPI report. That means mortgage rates are holding steady or even improving slightly—great news for buyers on the fence!

📌 Key Highlights:

CPI came in lower than expected: 2.4% YoY vs. 2.5%

Core CPI also cooled: 2.8% YoY vs. 2.9%

10-Year Treasury yield dropped from 4.50% to 4.44%

FNMA 30-year 6.0% bond at $101.00 (resistance level)

📈 Trend: Sideways to slightly higher

💡 Strategy:
Lock short-term loans (closing within 2 weeks)

Float longer-term loans, but keep a close eye on upcoming PPI data and Treasury auctions

👀 What this means for you:
This inflation report eases pressure on rates and gives your buyers a bit more breathing room. It’s a good window for those considering jumping in before any market shifts. Encourage your buyers to stay in touch with their lender and be ready to act if they find the right home.

03/28/2025

Two years in the making, and this week, the Peña family officially became homeowners! 🔑🏡

When we first talked, they had a plan, and they stuck to it. Two years later, their dedication paid off—welcome home! 🎉

Huge shoutout to for finding them the perfect home and making this process seamless. Working with amazing realtors and determined buyers like the Peñas is what makes this job so rewarding!

Congrats again, Peña family! Your patience, faith, and hard work made this moment possible. Wishing you all the happiness in your new home! ❤️🏡

03/20/2025

🏡✨ Attention Medical Professionals in Texas! ✨🏡

Are you a doctor, dentist, or veterinarian in the Dallas-Fort Worth area looking to buy a home? We’ve got a specialized loan program designed just for you!

✅ Up to 100% financing available
✅ Loan amounts up to $2.5M
✅ No MI required
✅ Allows newly hired contract/1099 income without a 1-2-year history
✅ Future employment contract income accepted
✅ Low reserves and gift funds eligible

Whether you’re a recent grad or a seasoned professional, this program is tailored to meet your unique needs. Let us take care of your home financing while you continue to take care of others!

📞 Call today to learn more!
Andrew Wells
NMLS #1875315
(512) 963-2648
[email protected]

True North Home Loans
Andrew Wells 1875315

03/18/2025

Big News for the Housing Market! 🚧✨

Housing starts surged in February, jumping 11.2% from January! 🏗️ With 1,501,000 new homes on the way (annualized rate), single-family homes are leading the charge at 1,108,000—a strong 11.4% increase from last month.

While we're slightly below last year's pace, this rebound is a great sign for buyers, builders, and the housing market overall. More homes = more opportunities!

Housing Starts Surge in February: A Strong Rebound for Construction

03/12/2025

All the single ladies are making moves! Single women are buying homes at 2X the rate of single men. The market is shifting – what’s driving the trend?

“Single women homebuyers are outpacing single men by a 2-to-1 ratio
NAR data for 2024 revealed that 62% of homebuyers are married couples, 20% are single women and 8% are single men”

NAR data for 2024 revealed that 62% of homebuyers are married couples, 20% are single women and 8% are single men.

03/11/2025

Yesterday was a special closing day for an amazing couple I’ve had the pleasure of working with since May 2023. What started as conversations about possibilities turned into reality—they officially purchased their next home! 🎉
A huge thank you to Ashley Martin at Realty One for navigating a contingent deal, and holding everything together on the sale. 👏
And to my wonderful clients, thank you for trusting me to guide you through this journey. Wishing you all the happiness in your new home! 🥂🏡🔑

02/26/2025

Yesterday marked another special milestone, and this one was extra meaningful! 🇺🇸

It’s always an honor to assist veteran clients on their journey to homeownership. This process was smooth from start to finish, thanks to the expertise of .dfwrealtor . Huge shoutout to Sydney for structuring the contract flawlessly—everything came together seamlessly! 👏🏡

To my amazing clients, thank you for trusting me to guide you through this process. Wishing you all the best as you settle into your new home! 🥂✨

01/30/2025

Don’t ignore this if it show up in your mailbox - Texas now requires your to verify your homestead exemption every 5 years.

If you get a letter from your appraisal district asking you to verify your homestead exemption, don't ignore it. Those who don't respond could end up losing their exemption and paying more in taxes. Here's what you need to do.

Click the link for more on this story.

https://www.fox26houston.com/news/texas-homestead-exemption-verified-every-5-years

01/21/2025

Last Thursday marked a huge milestone for this amazing family! We started this journey together back in March 2024, navigating every step with care, preparation, and persistence. Watching them finally step into their dream home was nothing short of incredible! 🏡💛
A huge shoutout to .dfwrealtor for finding them the perfect place to call home and trusting me to get the job done. Your expertise and dedication made all the difference. 🙌To this wonderful family: Thank you for trusting me to guide you through this process. Cheers to this new chapter and the memories ahead! 🥂✨

08/05/2024

Big news in the financial world! Mortgage rates are now at the lowest point in 14 months. The Sahm Rule was triggered last Friday (video in comments), signaling a potential shift in the economic landscape. However, its creator has stated that we are not officially in a recession just yet.

Here's what this could mean for you:

🏠 Homebuyers: With the recent changes, you may now be able to afford more home for a lower monthly payment. As more buyers enter the market, we're likely moving toward a seller's market, so acting quickly could give you a stronger negotiating position.

🏡 Sellers: Expect more buyers to qualify for your home, leading to increased showings. While we might not see a frenzy, you can anticipate improved negotiating power as buyer activity picks up. If you’re thinking about selling, I can connect you with a top real estate professional in your area.

🙏 Refinance Seekers: Now could be a good time to explore refinancing options and see how much you could save. When considering a refinance, focus on more than just the interest rate:

- Refinance Costs: Understand both upfront and rolled-in costs, not just the "cash to close."

- Monthly Savings: Calculate how much you’ll save each month and when you'll break even.

- Duration in Home: If you plan to move before reaching the break-even point, refinancing might not be beneficial.

- Home Improvements or Debt Consolidation: If you’re considering these options, let’s discuss how a cash-out refinance could help save you money.

If your loan officer isn’t addressing these important factors, it’s time to get a second opinion. I’m here to help you navigate your refinancing options and ensure you get the best possible outcome. Reach out to discuss how we can optimize your financial strategy.