Desmond McClinton, Licensed Real Estate Agent

07/13/2023

05/08/2023

Where Housing Is Headed in Texas

05/07/2023

3 Pitfalls of Making a Smaller Down Payment on a Home
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When deciding how much to put down on a home purchase, you should consider your cash reserves, what the lender requires, and how much you plan to spend on home repairs. The National Association of Realtors found that 35% of consumers thought they'd need 16% to 20% for a down payment, but many lender...

05/06/2023

Texas Mortgage Market Becomes Optimistic as Originations Rebound
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The Texas Residential Mortgage Survey reported that U.S. mortgage-interest rates dropped in March 2023, leading to increased activity and an improved outlook for the Texas residential mortgage market. Home-purchase originations are expected to grow over the next six months, and if rates continue to....

05/05/2023

Best VA Mortgage Lenders April 2023
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Flagstar Bank is an excellent lender offering a variety of mortgage products with lower than average interest rates and a four-star rating or higher. They have low minimum credit score requirements, a quick preapproval time of less than three days, and an average closing time of 35 days. Customers c...

05/04/2023

Fed Hikes Rates to 5.25%

05/04/2023

States With the Highest and Lowest Property Taxes in the US

05/02/2023

Mortgage rates register a fifth week of decline: Freddie Mac
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Mortgage rates dropped for the fifth week in a row, with the average rate for a 30-year fixed-rate mortgage dropping to 6.27% for the week ending April 13th. The Consumer Price Index (CPI) showed that the rate of inflation has continued to decline, with prices rising 5% year-over-year in March. This...

05/01/2023

More Housing Needed in Texas

04/30/2023

85% of Homeowners Worried Inflation Will Hurt Their Ability to Pay Mortgage
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In Brace's 2023 US Mortgage Servicing Survey, 85% of homeowners expressed worry about their ability to pay their mortgage due to inflation, while other market conditions such as interest rates, medical expenses, job security and natural disasters were also of concern. Survey results also showed gene...

04/29/2023

Current Mortgage Rates Tick Lower, Yet Again
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Mortgage rates have been on a downward trend this week, with the average rate on a 30-year fixed-rate loan decreasing to 6.28%, a change of 0.04 percentage points. The rate on a 15-year fixed-rate mortgage however, rose by 0.08 percentage points. This decrease in rates could bring more buying power....