Mortgage rates update for Dallas Texas for January 19, 2018. Mortgage rates climbed higher this week as a result of the bullish stock market. The stock market was pushed higher on economic optimism and as the recent tax plan buoyed stocks. Unfortunately, the bond market did not fare so well. The bond market determines interest rates for the most part. Generally when the stock market does well people pull money out of the bond market which often times results in higher mortgage rates.

Mortgage rates increased roughly 0.25% this year. This will result in higher borrowing cost and higher payments. If you are in the market to buy a new home, refinance your existing loan to get rid of your mortgage insurance or refinance to pay off some higher interest rate credit card debt, or just to do some home improvements, now is the time to get started.

If you would like a free mortgage review of your existing mortgage, please just give me a call at 214-945-1066 and I will do a no obligation review of your current situation and suggest money-saving solutions for you.

If you’re looking to purchase a new home we have numerous programs to assist you. My team and I look forward to helping any way possible.

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Richard Woodward, NMLS 217454
Your Local, Direct, 5 Star Rated Mortgage Lender, Specialty Lending Manager
Office: (214) 945-1066
mortgageprosus.com/5-star-reviews
Service First Mortgage NMLS 166487
6800 Weiskopf Ave #200, McKinney, TX 75070

Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. Service First Mortgage is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice. The views expressed on this site are those of the individual author and do not necessarily reflect the positions, strategies or opinions of Service First Mortgage or its affiliates.