Who Let the Dogs Out?! (on these Interest Rates?!?!)

The other day I had Pablo, the little guy, in the car, and for a few minutes there was complete silence (strange....), and then all of a sudden he starts singing "Who let the dogs out, woof, woof , woof, woof woof " ...I know you are singing in your head right now! HILARIOUS! I love kids, they keep us laughing, that's for sure.

Who did let the dogs out on these rates?
They keep trending slightly lower each week! Well, the slowing economy (this week shown by the lagging GDP), global financial market instability, and of course oil prices, are all drivers that push investors to seek the safe haven of the bond market. Which pushes DOWN the yields (rates), due to over demand. Price goes up, yield goes down. Economics 101! Takes me back to my undergrad days. I was an Economics major. READ MORE ABOUT THIS WEEK'S MARKET HERE!

What is the Houston Market Doing?  

You may find the following link useful. It shows Houston MLS housing data back 25 years! While its true that our current 2.7 months of inventory is the lowest in the last 2 1/2 decades....its still a GREAT TIME to be buying or selling a home. Values remain increasing (just look at the attached trends!), and its a great time to cash in on equity selling your current home, and purchasing a new one. As we know...all trends must some day come to an end, and we don't know when these values and/or interest rates will slow down.

Enjoy the week! 

                                                 ~ Jen