Hi, Kirstine Openshaw here with this week's most-watched stories - the ones everyone else already saw. Just in case Life Life’d on you & you haven’t seen them yet!
As always I will send out a deep dive next Tuesday so you can get a deeper look into what these mean for us, for Texas, your property equity positions & future plans.
www.OpenshawRealty.com
Could Texas Get a New Interstate? Proposal Connects DFW with East Texas
TxDOT is studying a $24.5 billion plan to turn U.S. Highway 287 into a new interstate connecting Fort Worth to Amarillo and Port Arthur.
How do you think a new Interstate would change Fort Worth’s traffic & growth?
$500B Stargate AI Data Center Expands in West TX
The nations first Stargate Data Center backed by OpenAI, Oracle & SoftBank is already expanding in Abilene on the 875 Acre Site
What are your top concerns with these Data AI Centers?
3 New Texas Laws Homeowners & Investors Need to Know
These new laws taking effect now will change neighborhoods, HOAs, and property values across DFW.
Will these new laws affect you too?
You can see more about it here & more are coming soon!
MORTGAGE MINUTE
What's Happening This Week:
Fed Cuts Rates Again - But Don't Expect Big Drops
The Fed cut rates by 0.25% this week. That's the third cut since September.
But here's what matters for buyers:
Mortgage rates stayed around 6.22% for 30-year loans. They actually went UP a bit this week, even with the Fed cut.
Why? Mortgage rates don't follow the Fed directly. They follow the 10-year Treasury bond instead.
The Big News: The Fed said it might only cut rates ONE time in 2026. That means rates will likely stay in the 6% range for a while.
What This Means for Fort Worth Buyers:
Waiting for 3% or 4% rates? Don't hold your breath. Those pandemic-era rates are probably gone for good.
The play? Buy now if you find the right home. You can always refinance later if rates drop.
Fort Worth homes are still getting snapped up fast. A half-point rate difference won't matter if prices jump another $20,000 while you're waiting.
Bottom Line: The best rate is the one on the home you actually buy.
Want to discuss your specific situation? Reply back "CLOSE" to schedule a weekend call with Clive (yes, he's working through the weekend!), or let's explore what programs might work for your timeline before rates shift again.
Have a safe, happy weekend!
Kirstine & Clive Openshaw
www.OpenshawRealty.com