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Real Estate Blog

 Real Estate Blog 
Monday, July 27 2015

Despite a home loan rate uptick in early June, refinance applications held steady, clocking in at only one percent lower in volume than the same time one year ago.

Loan applications to purchase a home were still 14 percent higher than the same time a year ago. A stronger-than-expected May Jobs Report released in the first week of June sent Mortgage Bond prices lower. Since home loan rates are inversely tied to Mortgage Bond market activity, rates reacted in tandem, moving slightly upward.

Uncertainty overseas due to the potential default in Greece also impacted the markets last month, with investors moving their money into "safer" assets like Mortgage Bonds. This helped Mortgage Bonds and home loan rates reverse course and improve mid-June.

The Federal Reserve also met in mid-June and stated that any changes it makes to the Fed Funds Rate (the rate banks charge each other to lend money overnight) will come after cautious observation of jobs progress, inflation and general economic health.

Even with an eventful June, home loan rates remain at historic lows when compared to prior years.

Supply Remains Limited in Many Areas
Homebuyers have experienced a highly competitive market this season, with very little supply and housing inventory from which to choose. Many of the nation's largest housing markets continue to experience too few homes available for sale, giving sellers an edge in picking the best purchase offers.

However, this advantage may be fleeting for home sellers. If home loan rates rise, prospective buyers will have less spending power. A June CNBC report suggested that if buyers can't compete, then sellers will lose leverage.

Helping you buy or sell your home is our goal,

Getting you through the process is our expertise!

Keith     214-649-4823

                                                                                   Reechia     972-979-9978

Posted by: AT 11:15 am   |  Permalink   |  Email
Thursday, July 23 2015

If this is not your first Plano summer than you may know some tricks to help keep cool without increasing your energy costs.  We have lived here most of our lives and we find that it never hurts to revisit the ideas for keeping cool so we thought we would share the top 5 tips with you today:  

  1. Regular Maintenance

            If you’re planning on using your air conditioner daily you want to make sure it’s in the best working condition possible. In order to perform its best it needs to work best. In order to work best it should have regular maintenance checks. Some things that need to be look at during these maintenance checks include:

  • Filter replacements
  • Professional servicing
  • And interior cleaning
  1. Check Insulation

            While using the natural breeze coming in from your windows is always an option, sometimes using the AC is a better choice during intense heat waves. If you choose the latter option, make sure you aren’t using the first as well. Close all your windows when using the AC and make sure none of your cool air is seeking out. Making sure there are no cracks in your windows and that the outside of your home is properly insulated can all be done at the hands of an expert.

  1. Consider an Upgrade

            If you don’t already have one you might want to consider upgrading your thermostat to a “smart thermostat.” While we realize how pricey this purchase may be, it might save you more in the long run. Some features that could save you more include:

  • Cross-platform integration
  • Remote controls
  • Custom temperature programs

​    4.  8-Hour Rule

            A good rule of thumb is to go by the 8-hour rule. Most adults work 8 hours a day. If this is the case for you, it’s probably a good idea to turn your air conditioning off or down while you’re at work and only turn it up or on while you are home. If you have kids that stay at home while you work this may be more difficult, but that’s where the smart thermostat comes in handy because you can set it at a custom temperature during the day and a different temperature in the evenings when you are home.

  1. Stay Consistent

Finally, as with most electronics it’s important to stay consistent. If you are the only person in your house and are able to turn it off during the day then do so and turn it on in the evenings. However if you do have a family and need to keep it on during the day make sure you keep it at the same temperatures each time you change it. Repeatedly going up and down and on and off likely wastes more energy than saves.

If you haven’t been using these tips so far, now’s a good time to start! If you start using these tips now you should see a significant decrease in your electric bill for the rest of your summer! Some of these tips can also be used to save energy for the upcoming winter season as well. 

Helping you buy or sell your home is our goal,

Getting you through the process is our expertise!

Keith     214-649-4823

Reechia     972-979-9978

Posted by: AT 08:05 am   |  Permalink   |  Email
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Reechia Powell

Reechia Powell Realty Group
301 S. Watters Road #100
Allen, TX 75013
Phone: (972) 979-9978
Email: Reechia@Reechia.com

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