Highland Park, North Dallas and Rockwall real estate and homes for sale in Texas - The Keegan Group, REALTORS® The Keegan Group REALTORS(r) for Highland Park, North Dallas and Rockwall, Texas real estate - NUMBER1EXPERTS™ The Keegan Group NUMBER1EXPERTS(tm) for Highland Park, North Dallas and Rockwall, Texas real estate
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The Keegan Group, REALTORŪ, real estate agents and broker for Highland Park, North Dallas and Rockwall Texas home listings, property and land for sale - NUMBER1EXPERT(tm)
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Local Real Estate Market: Highland Park, North Dallas and Rockwall Texas home buying, real estate listings, and homes for sale in Collin                         County, TX
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About the Highland Park, North Dallas and Rockwall Real Estate Market
 

The North Texas Real Estate market is ever changing and bringing new and exciting opportunities to those who look for them. I tell my Group ?blessed are the flexible for they shall not be bent out of shape?! We have held to a commitment of superlative marketing materials and strategies providing customer service as a basis for our overall success. 

The market has changed since last year. Consumers are more cautious as they move forward with their purchase and selling decisions. However, once again, those agents who offer a more varied range of services and expertise will continue to gain the lion?s share the overall market, continuing to see their business grow such of that as The Keegan Group. 

I see the end of this year and the beginning of 2003 as stable, especially in the moderate to entry-level home markets. The dream of homeownership is very attainable, and for those wanting to move-up into their next home, this is an excellent time with interest rates being at an all time low. 

If someone is looking to purchase their ?dream home?, this may also be the time! Prices have stabilized and are not climbing out of reach as they were just 2 years ago. With interest rates where they are, this just might be the right time to take that step. 

What motivates me is a content and happy client, knowing that I have been able to be a positive part in one of the greatest financial and/or emotional decisions that they make in their life?their home. 

 


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Real Estate Tips
Financing Your Home >ARMs

Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.

Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.

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Real Estate Trivia
Q 
What are considered the ideal conditions for a seller's market?

A 
In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS.
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The Keegan Group, REALTORŪ, real estate agents and broker for Highland Park, North Dallas and Rockwall Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Keegan Group
Ebby Halliday Realtors

2604 Ridge Road
Rockwall, Texas
75087
469-964-8572
972-380-3361
Fax: 972-772-6127
MichaelKeegan@Number1Expert.com

Michael's 20 years of client service and customer satisfaction have allowed him and his team to be ranked as one of the top 1% real estate groups in the nation. The Keegan Group specializes in North Dallas, Highland Park, University Park, Plano, Frisco, Richardson, Allen, Mckinney and the Lake Ray Hubbard communities of Rockwall and Rowlett.

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Ebby Halliday Realtors real estate and homes for sale in Highland Park, North Dallas and Rockwall Texas

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