The Brownstone Group's Bi Weekly Email Newsletter

May 19th, 2023

Dear Reader,

On Wednesday the Federal Reserve met and unanimously voted to raise the Funds Rate by 0.25%. This was expected, but the markets were more interested in the Fed Chair Jerome Powell's comments about future hikes. In Powell's statement, he laid the groundwork for pausing rate increases. This shows that the Fed believes inflation will continue to drop, which will continue to lower mortgage rates. Because of this news, rates dropped to end the week:

30 Year Fixed Rates

FHA: 5.625%

VA: 5.625%

USDA: 5.625%

Conventional: 6.990%

Investment Property: 7.625%

Jumbo Loan: 6.990%

5 Year Adjustable Rate Mortgage (30 Year Term): 6.375%

Monday, May 29th is Memorial Day in our nation? How will you be celebrating all the men and women who have valiantly served our country?

Best Regards,

Kathy

Read the rest of our Newsletter Here!

If you would like to start receiving our bi weekly email newsletter please contact [email protected]

Work With Us

We're committed to finding the home that's right for you, in the community you deserve to be a part of. In the meantime, take advantage of our website—everything you need to buy or sell a home, or even learn about your home's market value, is right here.

Contact Details

Kathy Sexton

Phone

(832) 654-0065

[email protected]

Address

2201 Lake Woodlands Dr. The Woodlands, TX 77380

Submit a Message

Middle Name

Name

Phone

Message

By providing Kathy Sexton your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.