Welcome to Flowers Realty - Serving Your Real Estate Needs


Flowers Realty Services LLC
811 S. Central Expy, Ste.337
Richardson , TX 75080
Phone:
(214) 432-5822
Fax:
(214)432-8988
Naperville IL.
(708)234-9800

Having the right real estate agent or loan officer means having an individual who is committed to helping you buy or sell your home with the highest level of expertise in your local market. This means also to help you in understanding each step of the buying or selling process. This commitment level has helped us build a remarkable track record of delivering results.

Nothing is more exciting to us than the gratifying feeling we get from helping people meet their real estate needs. You can count on us to always do what's in your best interest. We pride ourselves on being honest, trustworthy, and knowledgeable in the real estate market. We know how important it is to find your dream home or get the best offer for your property. Therefore we will make it our responsibility to help you achieve those goals.

Whether you are an experienced investor or a first time buyer, we can help you in finding the property of your dreams. Please feel free to browse our website or let us guide you every step of the way by calling or e-mailing us to set up an appointment today.

Mortgage Rates

National

Average Rate*
30-Year FHA Rate 3.33%
30-Year Fixed Jumbo Rate 3.60%
15-Year Fixed Jumbo Rate 3.02%
7/1 ARM Jumbo Rate 3.42%
30-Year Fixed Rate 3.54%
20-Year Fixed Rate 3.50%
15-Year Fixed Rate 2.91%
10/1 ARM Rate 3.61%
* Conforming FNMA Loan Amount. Rates may include points.

Information updated: 7/06/2020

Real Estate Industry News

More Covid Data Rolls in, Are Refis are Here to Stay?

Posted To: MND NewsWire

Black Knight has again taken a look at the number of Americans who could benefit significantly from refinancing their first mortgages, but the facts are shifting almost faster than they can report them. In its current Mortgage Monitor , the company reports that 90 percent of homeowners who have sufficient equity in their homes and the qualifying credit to refinance could improve their current interest rate. Sufficient, or what the company calls "tappable" equity is defined as allowing a refinance while keeping the loan-to-value (LTV) ratio at 80 percent or lower. That equity rose 8.0 percent from the first quarter of 2019 to the same quarter this year. The total is a record high of $6.5 trillion. Despite rising mortgage delinquencies, about 13.6 million homeowners still meet broad eligibility...(read more)

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Forbearance Plans Resume Downtrend After Last Week's Uptick

Posted To: MND NewsWire

The number of homeowners in COVID-19 forbearance dropped sharply this week, to the lowest level since the first week of May. The number of plans which hit a peak on May 22 then declined slowly over the next three weeks but shot up by nearly 80,000 loan plans during the week ended June 23. Black Knight's survey of mortgage loan servicers found a resumption of the downward trend this week, with plans falling by 104,000, the largest decline so far. As of June 30, there were 4.58 million homeowners in forbearance due to pandemic related financial problems, down 183,000 from the peak. This is 8.6 of the nation's active mortgages, compared to 8.8 last week and represents $995 billion in unpaid principal. The declines were across all portfolios. Forbearance plans among loans serviced for the GSEs...(read more)

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CFPB Proposes New Escrow Rule

Posted To: MND NewsWire

The Consumer Financial Protection Bureau (Bureau) today issued a notice of proposed rulemaking (NPRM) that would amend Regulation Z of the Truth-in-Lending (TIL) Act. The rule would provide a new exemption for some insured depository institutions and insured credit unions from the requirement to establish escrow accounts for certain higher-priced mortgage loans (HPMLs). Under Regulation Z, some insured depository institutions and credit unions are required to set up escrow accounts for specified higher-priced mortgage loans (HPMLs). These are closed-end residential loan transactions with an annual percentage rate that exceeds the current average prime offer rate for a comparable transaction by specific amounts. In setting up this escrow requirement, the 2008 Dodd-Frank Act generally adopted...(read more)

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