Baskett Mortgage Services

09/27/2023

Mark your calendar! Always such a fun filled family event to get you in the holiday spirit and to help get some of your shopping done early. 🎄🎅

Fall days and temperatures are getting closer which can only mean the Holiday Market is nearing 🍂🎄

Come check out the abundance of indoor and outdoor shopping/merchant vendors, delicious food trucks, pictures with Santa, and so much more on the first weekend of November. Event dates are Friday, November 3 and Saturday, November 4 at the Recreation Hall in Stephenville, Texas.

Stay tuned for the official event schedule, along with more announcements and excitement that we will have at the Holiday Market.

Wish to be a vendor? We are looking for unique and handmade items to fulfill our vendor spots. Click the link below to register as a shopping vendor:
https://app.amilia.com/store/en/city-of-stephenville/shop/programs/90640

‼️Please note, spaces are limited. Register early to guarantee your spot‼️

For more information and questions, contact Houston Folmar at [email protected].

09/08/2023

07/24/2023

2023 SABC Golf Tournament ⛳️

07/05/2023

Please enjoy this quick update on what happened this week in the housing and financial markets.
THE ECONOMY:
Consumer confidence jumped in June, reaching its highest level since January 2022. A strong labor market and economy helped. The 3rd and final estimate of 1st quarter GDP showed economic growth at 2.0%, up from the previous estimate of 1.3%. Unemployment applications fell last week by the most since October 2021. Despite the drop, demand for workers has slowly eased.
HOUSING NEWS:
House prices rose slightly in April, up 0.7% from March, according to the FHFA. Prices rose 3.1% year over year. New home sales surged in May, up 12%. Buyers turned to new construction due to the low inventory of existing homes for sale. Purchase mortgage applications rose 3% for the week. Apps were 21% lower year over year due to lack of inventory rather than demand.

07/04/2023

06/29/2023

06/14/2023

Today we recognize Flag Day and all that our flag represents as we honor the anniversary of the Stars and Stripes.
Baskett Mortgage Services is an Equal Housing Lender.

06/12/2023

Please enjoy this quick update on what happened this week in the housing and financial markets.
THE ECONOMY:
Last week's jobless claims came in higher than expected at 261K, up 28K for the week. Claims reached their highest level since October 2021. A resilient labor market saw payrolls rise 339K in May, much better than expected. However, unemployment increased to 3.7% from 3.5%. Cooling demand in the services sector in May pushed prices the businesses paid to a 3-year low. Slower services inflation could be good for rates.

HOUSING NEWS:
Though mortgage rates fell back from recent highs, mortgage applications dropped for the 4th straight week. Purchase apps fell 2%. Black Knight reported slower home sales in April, as a lack of affordability and inventory continued to create major market headwinds. The P&I payment on a 20% down, 30-year mortgage for a median priced home now accounts for 34.2% of the median household income.