Egelin Property Group | Phone:(214) 790-4400 | Fax: 972-874-2107 | Email: megelin@kw.com

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“Helping You Achieve All Your Real Estate Dreams!”

*****OPEN HOUSE Sunday, June 4th 1:00 PM to 4:00 PM******

Egelin Property Group is hosting an open house this Sunday, June 4, 2017 from 1:00 PM to 4:00 PM at the gorgeous Sumeer Homes property shown below. This home is brand new and move in ready! Don’t miss your chance to view this property and make it your dream home! We look forward to seeing you! If you have any questions regarding this property or any real estate related questions, please do not hesitate to contact us at (214) 790-4400.

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GREAT NEWS for FHA buyers / MIP Rate Reduction!!!

Egelin Property Group is always making sure our clients are kept in the loop on the most up-to-date mortgage loan information and our go-to loan officer, Alex King, with King Financial Group has provided us with some pretty exciting news!

There will be a savings for FHA buyers that begins with FHA loans funded on and after Jan. 27, 2017.

  • The FHA Annual MIP (Mortgage Insurance Premium) is being reduced.
  • The Up Front MIP rate remains the same as the current (at 1.75% of the loan amt.)
  • For a standard FHA purchase with 3.5% down pmt., the Annual MIP rate is being reduced from 0.85% of the loan amt. to 0.60% of the loan amt.
  • The savings for an example of a Sales Price of $275,000 is about $55/m reduction in their house payment.

If you are thinking of purchasing a new home contact Egelin Property Group today at (214) 790-4400.  We would be honored to help you achieve all of your real estate dreams!  If you have any mortgage rate or loan related questions we encourage you to contact Alex King with King Financial Group at (972) 539-2500 x224.  He is an expert in his field and will make sure you get the best deal possible!

We Are On A Roll And Took Two Brand New Builds Live Today!!!!!

Egelin Property Group is on fire right now!  Today we bring you not one but two brand new builds located in a prestigious gated, waterfront community in Rockwall, Texas!  Included below are sneak peeks of these gorgeous properties.  If you are interested in either property, don’t waste a moment and contact Egelin Property Group today at (214) 790-4400.  These won’t be available long!

1864 Tahoe Drive:

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1904 Pontchartrain Drive:

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As Promised It’s Day Two And Here Is Listing #2

Egelin Property Group is happy to bring you our second listing in two days!   Today’s beauty is this gorgeous 4 bedroom 2 bathroom home in Royse City located at 324 Ame Lane.  We are offering a sneak peak of this property by including a few photos below.  If you’re interested in this property or a different property to purchase or if you’re looking to sell your existing property don’t waste a single moment and contact Egelin Property Group today at (214) 790-4400.  We look forward to helping you achieve all your real estate dreams!!!

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Egelin Property Group Is Bringing You Four New Listings For The Next Four Days!!!! Here is The First Listing!

To kick off the new year we are listing four brand new Sumeer Homes!  If you happen to have had a new home on your Christmas list and Santa didn’t deliver or you’re just looking to purchase a new home during 2017 we have some very special homes available to you.  We will be taking one brand new home live per day for the next four days.

Today’s beauty is this gorgeous 4 bedroom 2.5 bathroom home in Royse City located at 328 Ame Lane.  We are offering a sneak peak of this property by including a few photos below.  If you’re interested in this property or a different property to purchase or if you’re looking to sell your existing property don’t waste a single moment and contact Egelin Property Group today at (214) 790-4400.  We look forward to helping you achieve all your real estate dreams!!!

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Interesting Facts About The Fed Announcement!

The Federal Reserve Open Market Committee concluded its 2-day meeting today, and has delivered their announcement.  The anticipated 1/4% rate hike has occurred.  The initial reaction by the mortgage bond market is a bit of a sell-off, which is putting upward pressure on mortgage rates at this moment.  There will be volatility going forward, yet our fellow loan officer has the expectation that we will still have a chance at slightly lower mortgage rates as the market absorbs this move and things begin to settle down.

Keep in mind that the Fed does not control mortgage rates, just the Federal Funds Rate, which is the interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution overnight.  Obviously, the actions the Fed takes with the Federal Funds Rate ripples thru the economy and impacts everything so it will have “an effect” on mortgage rates.  Here’s the interesting thing, we actually expect to see some improvement in mortgage rates based on the Fed hike.  This reaction is historically based, and while it’s not a guaranty, the is compelling logic that this pattern will occur again.  Basically, when the Fed raises the Fed Funds Rate, this will put a dampening effect on the stock market because it makes borrowing costs higher.  Now, the stock market is in full surge, so we’ll see how much this modest rate increase will dampen things (or not).  Generally, when stocks get hurt, the mortgage rates improve.  This is our expectation.  Just know that there is going to be volatility, and this rate pattern will take some time to develop.  We’ll keep our fingers crossed for slightly better mortgage rates.  If we don’t get them, the silver lining will possibly be that people will jump off the fence and take action on a home purchase before mortgage rates continue higher.

Egelin Property Group has one of the best mortgage loan officers available to you.  Please contact us today at (214) 790-4400 so that we can get you in contact with our loan officer to discuss your best options when it comes to buying your dream home!!!

SOME HISTORY:

  • The graph below is a history of the Federal Funds Rate, as adjusted over time by the FOMC (Fed Open Market Committee)
  • Most recent Fed rate hike was Dec. 16, 2015.  This was the first hike they did since 2006.

 

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COMING SOON!!! Two Brand New Sumeer Homes!

COMING SOON!!!! Two brand new Sumeer Homes builds are almost complete and could be yours! One located in Rockwall and one in Royse City. Contact Egelin Property Group today at (214) 790-4400 if you or anyone you know would love to become the new owner of these homes! It’s not too late you might still be able to select some personalized touches to add to these homes to make one of them your dream home!

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Winterize Your Home Now To Avoid Costly Repairs Later!!!!

Egelin Property Group would like to take a moment to remind our friends, family, and clients that now is the time to winterize your home to ensure that you avoid any potential costly repairs once winter is in full swing.  Here are some helpful hints to protect your home as the thermostat drops:

  • Inspect your roof and replace any damaged or missing roof shingles.
  • Make sure gutters and downspouts are free of leaves and debris.
  • Consider a fresh coat of paint or sealer on your deck.
  • On a windy day, close your windows and feel for air leaks.
  • Seal any leaks with rope caulk.
  • Install weather stripping on the sides or bottoms of any leaky doors.
  • Insulate exposed plumbing.
  • Remove leaves or debris from your air conditioner’s condensing unit, cover for winter.
  • If you haven’t had your fireplace chimney cleaned in a few years, hire a professional chimney sweep.

If you need a recommendation for local professionals who can perform this or any other work around your home, we are here to help!

And as always, if you or anyone you know is looking to buy or sell a home, you can count on Egelin Property Group!  Please don’t hesitate to contact  us at (214) 790-4400.  We look forward to hearing from you!

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Promising Stats Regarding New Home Building!

Egelin Property Group is always on the look out for the latest and greatest real estate news and information to share with our clients.  One of our trusted mortgage contacts provided us with the following information that we wanted to share with each and every one of our friends, family, and clients.  This type of news always provides a promising outlook on the local real estate market.

There were drops in key construction data and sales of existing homes, but builder confidence is high.

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Fewer people began excavation on new homes in August. The Commerce Department reported Housing Starts fell 5.8 percent from July to an annual rate of 1.142 million units, below the 1.186 million expected. The South saw a decline of 15 percent, offsetting gains in the Northeast, Midwest and West. Starts on single-family homes fell 6 percent, while multifamily dwellings decreased by 5.4 percent.

Building Permits also were below expectations. This sign of future construction fell 0.4 percent from July.

Existing Home Sales also dropped in August, falling 0.9 percent from July to an annual rate of 5.33 million units, below the 5.50 million expected. The National Association of REALTORS® said higher prices and low inventories kept buyers on the sidelines. On a positive note, sales were up 0.8 percent from August 2015.

Another good sign: Builder confidence in September jumped to its highest level since October 2015 as reported in the National Association of Home Builders Housing Market Index. The Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months. The survey also asks builders to rate traffic of prospective buyers. All three components moved higher in September.

Meanwhile, members of the Federal Open Market Committee (FOMC) met to weigh data on jobs, price stability and economic growth as a whole. The FOMC left its benchmark Fed Funds Rate unchanged. This short-term rate is the rate at which banks lend money to one another overnight. Fed Chair Janet Yellen noted the decision “does not reflect a lack of confidence in the economy” but instead a “cautious approach” to strengthening the economy.

The great news for homebuyers and those looking to refinance is that home loan rates continue to hover in historically low territory.

If you have any questions about home loan rates, loan types, or the real estate market, please don’t hesitate to contact Egelin Property Group at (214) 790-4400.  We look forward to speaking to you!

Egelin Property Group Is At It Again And Closes A Swift Lantana Sale!

Egelin Property Group wants to extend a huge congratulations to our wonderful clients on the sale of their gorgeous Lantana home!  Their home was sold within one week of it hitting the market! As a Lantana resident, we know how to sell Lantana homes in the blink of an eye!  We are so excited for their next journey in life and can’t wait to welcome our new neighbors to our wonderful community!  If you’re thinking of selling your Lantana home Egelin Property Group is your go to realtor, contact us today at (214) 790-4400 so that we can help you achieve all your real estate dreams!

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