Texas Home Lending News

Sublime Financial here in Dallas, Texas specializes in finding the best rates for home loans across Texas. We have also been advising our clients that mortgage rates will rise.

Mortgage News Daily reports they have. Let’s share some information they are reporting.

 2018 Mortgage Rate Trends Texas

In total, rates are up a better part of a half a point since December 2017. The current trend continues to offer false hope with potential ceilings that are quickly broken.  Rates have then had a challenging time getting back below those levels.  This is classic  behavior for these sorts of big, serious market movements and part of the reason we've continued to advocate a defensive stance despite periodic victories.  Such victories are bound to occur in any interest rate environment.  We need to see bigger victories and more of them if it's going to make any sort of sense to be anything other than defensive when approaching the current interest rate landscape.  Lock early and plan on rates moving higher until we see a broad shift in momentum. 

• 2017 had proven to be a relatively good year for mortgage rates despite widespread expectations for a stronger push higher after the presidential election in late 2016. 
• While rates remain low in absolute terms, they moved higher in a more threatening way heading into the 4th quarter, relative to the stability and improvement seen earlier in 2017
• The default stance for now is that this trend toward higher rates has the potential to continue.  It will take more than a few great days here and there for that outlook to change.
• For weeks, this bullet point had warned about recent stability inviting a bigger dose of volatility.  That volatility is now here.  As such, locking is generally the better choice until the volatility is clearly dying down.

Let Sublime Financial get your home loan locked in now. From cash-out refis, new home purchases or getting a lower rate, we can still get you a good rate before it continues to rise. Contact us now.