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July 2026 The Biggest Housing Question of 2026: Should You Wait for Lower Mortgage Rates?One of the questions I hear most from buyers right now is, "Should we wait for mortgage rates to come down?" It's a fair question - but the answer isn't as simple as many headlines make it seem. Most major housing economists, including those at Fannie Mae and the Mortgage Bankers Association, expect mortgage rates to remain in the mid-6% range through the rest of 2026 and even just this week, they have crept up again, with news of the conflict with Iran intensifying once again. While modest improvement is certainly possible, few are predicting the kind of dramatic drop many buyers have been hoping for. Here's my perspective: if rates do fall, even a little, there's a good chance more buyers will jump back into the market. More buyers usually mean more competition, fewer seller concessions, and increased pressure on home prices. Right now, buyers are benefiting from something we haven't seen much of in recent years - more homes to choose from and greater negotiating power. Waiting for a slightly lower interest rate could mean giving up some of those advantages. Every situation is different, of course, but if buying a home makes sense for your family and your finances today, I generally believe it's better to buy the right home when you find it than to try to perfectly time the market. If rates come down later, you may be able to refinance your loan. But you can't go back and buy today's home at today's price if the market becomes more competitive.
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DFW Market Snapshot The Last 12 Months of Housing DataClick on any of the charts below to see the precise numbers behind the data. |
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Source: NTREIS Trends, as of July 7, 2026 |
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Question of the Month What is the best time to water your lawn during the summer?
A) Midday Think you know the answer? Send me an email! The first person to guess correctly will win an Amazon gift card. Give it your best shot! Last month's answer: 78 degrees |
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Featured Listing 13536 Castleton Dr, Farmers Branch, TX 75234$399,990 | 3 beds | 2 baths | 1,290 sq ft 
Welcome to 13536 Castleton Drive, a beautifully updated home near Brookhaven Country Club, featuring an open-concept layout, remodeled kitchen, and major recent upgrades throughout. With a spacious backyard, bonus garage workshop, and quick access to major highways, parks, and dining, this move-in-ready gem sits in one of the area's most connected locations.
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"Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock." Nick Surguine Surge Real Estate Office: 469-333-3114 | Cell: 214-842-2116 
Information About Brokerage Services | Consumer Protection Notice This email was sent by Surge Real Estate. Please make all housing decisions based on your own needs, goals, and financial circumstances. © 2026 Surge Real Estate. All rights reserved. This newsletter is provided for informational purposes only and should not be considered legal, financial, or real estate advice. Information is deemed reliable but not guaranteed. Equal Housing Opportunity. |
