Scale Homes

Happy Friday! The market continues to behave in ways that may confuse the average buyer. It's essential to consider that this behavior is partially affected by anticipation.

However, rates continue to trend downward, while inventory and competition remain ideal for buyers. Refinances are also trending this season as homeowners with higher interest rates look for ways to broaden their budgets for the holiday season.

Let's work on a detailed estimate to empower you to make wise financial decisions.

For now, here are the current rates:
🌟Conventional – 6.125%,
🌟Conventional 7/1 ARM – 5.500%,
🌟Jumbo – 6.500%,
🌟FHA – 5.750%, VA – 5.750%
🌟5.200% if disabled as per TVLB.

Hope this helps, and please reach out with any questions or concerns.

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🌟FOR THE WEEK OF SEPTEMBER 15, 2025🌟

NATIONAL MARKET UPDATE

The Mortgage Bankers Association reported demand for purchase mortgages surged last week to the highest level since July, 23% ahead of a year ago—the strongest year-over-year growth rate in over four years.

Realtor.com noted that both the median listing price and price per square foot fell annually last week—the first drop in listing prices since the spring, and in price per square foot in two years, as sellers adjust expectations.

Realtor's Chief Economist said that “the national housing market is now more balanced between homebuyers and sellers at five months of supply,” although “local conditions…are what matter most” for buyers and sellers.

⚡️REVIEW OF LAST WEEK

FED GUESSING... With the economic data hinting at Fed rate cuts through the end of the year, traders sent the Dow to its first win in three weeks, and the S&P 500 and the Nasdaq to their best weekly performances since August.

CPI inflation edged a touch higher in August, but weekly initial jobless claims spiked to their highest level in almost four years, bolstering traders' expectations that the Fed would cut rates to help a weakening labor market.

Yet PPI wholesale price inflation fell in August, indicating a future drop in consumer prices. Plus, the index of Small Business Optimism rose nicely, and the Treasury deficit benefited from increased tariff revenues.

The week ended with the Dow UP 1.0%, to 45,834; the S&P 500 UP 1.6%, to 6,584; and the Nasdaq UP 2.0%, to 22,141.

Bonds edged ahead overall, the 30-Year UMBS 5.5% UP 81 basis points, to 101.06. Freddie Mac’s Primary Mortgage Market Survey reported the national average 30-year fixed mortgage rate “fell 15 basis points…the largest weekly drop in the past year.” Remember, mortgage rates can be extremely volatile, so check with your mortgage professional for up-to-the-minute information.

DID YOU KNOW… Zillow found the total value of the U.S. housing market reached a record high $55.1 trillion in June, $20 trillion higher than before the pandemic. But growth has slowed to less than a 2% gain the past year.

⚡️ THIS WEEK'S FORECAST

HOME BUILDING, RETAIL SALES, THE FED... Home construction activity in August is expected to recede a trifle in the Housing Starts report, although the forecast is for builders to log a rise in Building Permits. Economists predict August Retail Sales will show a continuing, though smaller, gain in consumer spending. The forecast is for the Fed's FOMC Rate Decision to be a quarter percent rate cut.

🔍 Curious about how Dallas housing trends affect your home value? Reach out for insights that help you navigate the market confidently! 💡

🏠 Thinking of buying or selling in Dallas? Understanding current market trends can empower your decisions. Let’s talk home valuations! 📞

📈 Dallas housing market trends are shifting! Discover how they impact home valuations for buyers and sellers. Stay informed with us! 🏡✨

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