Mortgage Rates for the week ending March 31st, 2023 increased slightly even though inflation appears to be slowing down and jobless claims are increasing.

I think It may have to do with the mortgage bond liquidity. Currently, there are a lot of mortgage bonds on the market and fewer buyers as people return to the stock market for higher returns. Although rates did increase, it was only very slightly.

As a branch of the nation’s largest mortgage broker, we shop over 190 different lenders to make sure that our clients receive the super low rates and low fees. We don’t normally charge a processing fee or underwriting fee to our clients, which saves the average consumer about $1500 per transaction.

The real estate market in Dallas Texas is heating up earlier than normal. Many of my Realtors are telling me that their buyers are having to compete to win offers. I can definitely help with that. For my clients that I provide a pre-approval to, we will call the listing agent and assure them that our clients is fully ready and can and will close quickly.

If you would like to get a second opinion or a quote for your mortgage, just give us a call or visit our website at www.mortgageprosus.com.

Richard Woodward

Branch Manager, NMLS 217454  

Voice/Text: (214) 945-1066

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Nexa Mortgage NMLS# 1660690  Plano, TX 75025