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 Fixed Rate 3.65%
20-Year Fixed Rate 3.56%
15-Year Fixed Rate 2.96%
10/1 ARM Rate 3.67%
* Conforming FNMA Loan Amount. Rates may include points.

Information updated: 5/25/2020

Real Estate Industry News

The Sun Also Rises For The Housing and Mortgage Markets

Posted To: Mortgage Rate Watch

There's no shortage of bad news when it comes to the economy and the housing market. But that's no surprise considering the circumstances. The sheer size and speed of the economic contraction makes it easy to worry about what the future will look like. Has coronavirus changed things forever? Is it true that many jobs have been permanently destroyed? I don't know. No one can really know. Many of the more troubling questions won't be able to be answered any time soon. No one can deny things are bad and that some things may stay bad for a long time. But hidden amid the understandable sea of pessimism, there are some reasons for hope. We're not talking about the kind of hope that makes us complacent to the ongoing economic risks. Rather, there are simply some positive counterpoints to the abundant...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

First Wave of Forbearances Almost Doubles Delinquency Rates

Posted To: MND NewsWire

The years-long downward trend of mortgage delinquencies appears to have come to an abrupt end in April. Black Knight, in its "first look" at the month's loan performance data, said the national delinquency rate shot up 90 percent compared to March and is 86 percent higher than in April 2019 at 6.45 percent. That rate indicates the percentage of active loans that were 30 days or more past due but not in foreclosure with 3.40 million loans in that category, 1.61 million more than the prior month and 1.59 more than in April 2019. Black Knight reported earlier this month that, as of April 30, more than 3.8 million home mortgages had entered forbearance plans. They subsequently reported that some 46 percent of borrowers in forbearance at the end of April, had continued to make at least part of their...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

More Evidence That Forbearance is Widely Being Taken as a Precaution

Posted To: MND NewsWire

The number of homeowners in mortgage forbearance plans continues to increase, reaching 4.75 million by May 19. This is 9.0 percent of all active borrowers nationwide and represents a little more than $1 trillion in unpaid principal. The number of plans grew by 93,000 borrowers between May 12 and May 19. Black Knight, in its weekly report on the forbearance program, offered to homeowners who have been financially impacted by the COVID-19 pandemic, notes that the most recent increase is down 70 percent from the 325,000 new plans during the first week of May , and is 93 percent lower than the 1.4 million plans opened the first week of April. This slowdown suggests that volumes may be beginning to flatten , warranting a shift in servicer focus from forbearance pipeline growth to forbearance pipeline...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.