Judy Switzer, broker associate, has been representing buyers and sellers in Preston Hollow, Northwood Hills, North Dallas, Southwest Plano, Richardson and neighborhoods in and around the Dallas Fort Worth Metroplex, since 1989.

Are you considering buying a home, but waiting for interest rates to fall even further?  Contact Judy Switzer & Associates, and we can help you put a game plan together.  Currently, interest rates are not totally reacting to the market, as they would in a free market, but instead are being held artificially low, to keep inflation in check.

However, there are number of economic reports that come out each week that put pressure on stocks and bonds, that affect mortgage rates. This week, as posted in Mortgage Market Guide, LLC, by Mark Pfeiffer, VP/Branch Manager of ViewPoint Bankers Mortgage, in his weekly email newsletter, are the economic reports, when they are expected to come out and the impact they are likely to impart on mortgage rates.  I have listed the chart of reports below.

Economic Calendar for the Week of May 24 - May 28

In addition to monitoring the economic indicators affecting interest rates, it is important to make sure you have been qualified prior to looking at homes.  This is because, (1) you will only want to look at homes you willing and able to pay for, (2) your interest rate will be a function of your credit score, the amount you are planning to put down on your home, and your ratios, and (3) you will ultimately be in the best negotiating position if you are ready, willing and able to purchase and close quickly.

Contact Judy Switzer & Associates for all your real estate needs. Judy Switzer has been representing buyers and sellers in the Park Cities, Preston Hollow, Northwood Hills, North Dallas, SW Plano, Richardson, Frisco, Allen, McKinney, Southlake and Colleyville and all over the Metroplex since 1989.