Reflections on Volleyball Tryouts

Over the recent years, this time of year is one I have mixed feelings about.  Not about the weather mind you, if I could live year-round in between 60 to 85 degrees, I am in 100% for that!!

But I am a volleyball dad, and this is Club tryout season. 

As a dad to twin 14-year-old girls deeply immersed in the world of Club volleyball, this period often feels like we’re venturing into uncharted territory, promoting our daughters to strangers with the hope of finding the right fit. A fellow parent once humorously summed it up as “overpromoting our daughters to complete strangers,” a sentiment that resonates deeply during these moments.

For those unfamiliar with this process, let me paint a picture. It starts with signing up for a $25 to $35 Pre-Try Out clinic at one of the dozen Clubs in our area. Choosing the right Club is no easy task—it involves careful consideration and sometimes a leap of faith. The turnout can be overwhelming, with some sessions hosting over 100 eager girls vying for a limited number of spots across 3 to 6 teams per Club.

Following the clinic, parents and kids queue up for brief, nerve-wracking conversations with coaches whom we’ve never met and likely couldn’t pick our daughters out of a lineup. The feedback from these encounters can be direct, leaving us questioning whether such bluntness is necessary for 14-year-olds.

In the midst of this whirlwind, I am grateful for the camaraderie and support of our volleyball community. Together, we navigate these challenges, celebrating the successes and learning from the setbacks.  Ha, or somethings we just lie and say, “I’m fine, it is going well, thank you for asking…..”

Our Coaching friend had this message to share, and it was so powerful I asked her permission to put a few of her comments here:

• I am confident in your abilities, regardless of what you are told.
• Talk to other girls at the clinic, not just the ones you know.
• Do everything with a sense of urgency, warm-up, help shag balls, your water breaks.
• Just play, instead of paying attention to when the coaches are watching.
• Pay attention to your body language and facial expressions, especially after a mistake, move on to the next play quickly.
• Breath, you got this.
• Remember, you are more than a number and have much to offer any team/club/coach!

Let’s continue to cheer each other on as we embark on this journey once again. Here’s to finding the right fit and creating lasting memories for our volleyball enthusiasts!

Stay Spicy, Geoffrey, 214-529-9622 

Check out the deal I just found you – a 4 Bedroom home in McKinney for $519,000.  They are having an Open House this Saturday, May 11th.  Go check out this Listing presented by JD Tomlin with Exp Realty!!

Geoffrey Davis, aka, The Frisco Mortgage Guy

A Trusted Mortgage Loan Originator

Geoffrey Davis – 214-529-9622

www.FriscoMortgageGuy.com

NMLS 206192

#FriscoMortgage #FriscoMortgageGuy

#DavisFamilyFinancial #CallGeoffrey

#TeamFriscoMortgage #FriscoMortgageGuySpeaks #OldManMortgage #CyclingMortgageGuy #RandomMortgageGuy #DavisFamilyMortgage #Mortgageific

#DavisFamilyInsurance

The Fed holds rates steady and offers hints for the future

As expected, the Fed Board left their rates unchanged at their meeting on Wednesday. Investors – those who control mortgage rates – were listening for hints of future action. Like those old “E.F. Hutton” commercials…. For those old enough to remember.

The question on many minds is whether rate cuts remain a possibility for 2024. In March, Board members had projected three policy rate reductions for this year. During the May 1st press conference, Chairman Jerome Powell reiterated the Board’s commitment to achieving a 2% inflation target. Powell noted that based on current data, meeting this objective may take longer than previously anticipated. It’s important to highlight that any decisions on rate adjustments in 2024 will be contingent upon forthcoming economic data.

The Fed maintains a steadfast goal of keeping inflation within a 2% threshold. Following a surge in inflation in March 2022, the Fed initiated a series of rate hikes to temper spending and rein in inflation. As inflation moderated and approached the target, the Fed paused its tightening cycle. This meeting marked the sixth consecutive session without a rate increase. And the Bond Market loved it!!!  Mortgage Rates dropped a pinch in this “Frozen Market” we seem to be in!! Fun Fact – while Fed Chair was speaking, I was at a mini retreat just outside of Waco via my Bank.  Have you ever been to Moon River Ranch???  It was just a day retreat so I can’t speak to the rooms, but wow, what a property!!!  Right on the Brazos River!!  This is my happy place, rustic and escape the new “Upscale” Frisco for a bit!!!  Hope to go back!!!

Stay Spicy, Geoffrey, 214-529-9622 

Looking for a $790,000 home in Frisco??  Found you one, is a recent listing from Amanda Rupley.  Came off the market for a new roof and gutters.

Geoffrey Davis, aka, The Frisco Mortgage Guy

A Trusted Mortgage Loan Originator

Geoffrey Davis – 214-529-9622

www.FriscoMortgageGuy.com

NMLS 206192

#FriscoMortgage #FriscoMortgageGuy

#DavisFamilyFinancial #CallGeoffrey

#TeamFriscoMortgage #FriscoMortgageGuySpeaks #OldManMortgage #CyclingMortgageGuy #RandomMortgageGuy #DavisFamilyMortgage #Mortgageific

Important Update: NAR Lawsuit Settlement and Potential Impact on Seller Concessions

How about an update regarding the recent National Association of Realtors (NAR) lawsuit settlement, which is currently awaiting court approval.  As we are aware, the details surrounding this settlement are evolving rapidly, and what was discussed previously may already be outdated. However, the potential implications of this settlement are significant for all of us in the real estate industry, impacting our livelihoods and practices.

One specific area of interest pertains to Seller Concessions in real estate transactions. Seller Concessions involve the seller contributing a percentage of the sales price towards the buyer’s loan closing costs. In light of the NAR settlement, Freddie Mac has released a memorandum outlining how Seller Concessions may be affected if the settlement is approved.

IMO, this information represents a positive development and underscores the importance of staying informed.

To further clarify these implications, the NAR has published a helpful FAQ document that provides additional insights into how the settlement might influence our industry practices. Click right here and read that

Please share your feedback and what your concerns might be, Geoffrey, 214-529-9622 

That Freddie Mac Memo:

Property sellers are permitted to make financing concessions toward the Borrower’s Closing Costs in maximum amounts between 2% and 9% of the property value. Fees or costs customarily paid by the property seller according to local convention are not subject to these financing concessions limits. Buyer agent fees have historically been fees customarily paid by the property seller or property seller’s real estate agent, and, as such, they are currently excluded from these financing concession limits. If these fees continue to be customarily paid by the property seller according to local convention, they will not be subject to financing concessions limits.

It is our standard practice to continuously evaluate our requirements to determine whether updates are appropriate based on changes to the market and industry. We will continue to monitor and assess the impact of the proposed NAR settlement and other real estate agent commission lawsuits to determine if any updates to our requirements are necessary.

—–A friend is moving to Knoxville, TN so did a search of what was it like there.  Looks like a person could buy the side of a small mountain for just $815,000!!!  Link to that here

Geoffrey Davis, aka, The Frisco Mortgage Guy

A Trusted Mortgage Loan Originator

Geoffrey Davis – 214-529-9622

www.FriscoMortgageGuy.com

NMLS 206192

#FriscoMortgage #FriscoMortgageGuy

#DavisFamilyFinancial #CallGeoffrey

Hold Up! Mortgage Rates Are How High?

This week, the Rate Survey on Mortgage News Daily might have caught you off guard: 30-year mortgage rates are averaging a whopping 7.43%! Yes, you read that right. When did this happen? 

Recent reports flagged as market movers have not exactly been inflation friendly. We’re seeing retail sales numbers on the rise and jobless claims remaining steady indications that people are spending, and job security is holding. However, these trends aren’t aligning with the Federal Reserve’s key metric, which is yet to hit the 2% threshold and seems to be moving in the wrong direction.

From where I stand, it’s not surprising that spending is up. In my family, we’re working harder, and watching the cost of goods rise. It’s a familiar story for many.

The Fed hasn’t signaled an imminent rate hike, but judging by market behavior, it seems that’s what everyone is bracing for. Consequently, mortgage rates are inching upwards as a protective measure. The guessing game continues—follow along for more of my speculative insights! ????

If you are in the Houston area this Saturday, I have an Open House you can stop by.  No, I won’t be there but my buddy Craig Kooken has this $774,900 Listing you can walk.  Looks amazing!!!

Geoffrey Davis, aka, The Frisco Mortgage Guy

A Trusted Mortgage Loan Originator

Geoffrey Davis – 214-529-9622

www.FriscoMortgageGuy.com

NMLS 206192

#FriscoMortgage #FriscoMortgageGuy

#DavisFamilyFinancial #CallGeoffrey

#TeamFriscoMortgage #FriscoMortgageGuySpeaks #OldManMortgage #CyclingMortgageGuy #RandomMortgageGuy #DavisFamilyMortgage #Mortgageific

Impact of CPI on Mortgage Rates

As discussed previously, mortgage interest rates are heavily influenced by reports and news, with the Consumer Price Index (CPI) being a key driver. This week, the CPI released data indicating rising inflation, which in turn led to a spike in mortgage rates. The silver lining here is that the market is dynamic, and attention will soon shift to new developments.

Federal Reserve Board members have been vocal about their inflation concerns but have also sought to reassure the market by indicating that rate cuts are still on the horizon.

Shifting gears to local news, property assessments for residential homes in Texas are starting to be mailed out. I’ve shared some insights on this topic in my latest blog post, which you can read here: Geoffrey Talks

My Featured Listing this week is a stunning home in The Colony listed at $705,000 by Sandy Delaunay with Ebby. The owner is a friend, so let’s show our support and get those offers rolling in! Check out the property details here: 2708 Cromwell

If you have any questions or would like further information on these updates, please feel free to reach out.

Have a great day!! 

Geoffrey Davis, aka, The Frisco Mortgage Guy

A Trusted Mortgage Loan Originator

Geoffrey Davis – 214-529-9622

www.FriscoMortgageGuy.com

NMLS 206192

#FriscoMortgage #FriscoMortgageGuy

#DavisFamilyFinancial #CallGeoffrey

#TeamFriscoMortgage #FriscoMortgageGuySpeaks #OldManMortgage #CyclingMortgageGuy #RandomMortgageGuy #DavisFamilyMortgage #Mortgageific

Important Update: Home Tax Assessment Values

I am writing to inform you about an important update regarding the tax assessment values of residential properties in Texas.

As part of my commitment to keeping you informed about matters that may impact you as a homeowner, I wanted to bring to your attention: Your Mailbox!!

The local tax authority, CAD’s have completed their reassessment of property values, and the letters have been sent.  But you can also log into your Appraisal District, view all the TX Counties here at TAAD!!

It’s important to note that these values will affect the amount of property taxes you are obligated to pay.  In TX, that part comes to us in October when they set the new tax rate!!  You should review the updated assessment to ensure its accuracy.  In TX we have till May 15^th in most Counties to challenge that assessment.  You can find ways to do that yourself in the letter mailed or online.  You might also reach out to your trusted Real Estate agent and have their help and guidance if you do plan to protest on your own.  But you can also use a company from one of the many mailers you are getting right now!!!!

I have used a group called Property Tax Protest the last few years.  Let me know if you think you might sign up here, I can e-mail you a code for a savings!!

Here are a few others that clients have told me about over the years:

Ray Tax Group

O’Connor & Associates

Texas Property Tax Reductions

My hope is you have success in whatever path you take, or just accept that value as the right number and move on to the important stuff!!!  Enjoy these days we have!!!

Geoffrey, 214-529-9622

p.s. please share any wins, tips or just value venting, maybe we form a support group!!!!

What does the NAR settlement mean for you?

The winds of change are sweeping through the corridors of the US real estate market, promising a seismic shift in the way transactions are conducted. Recently, the National Association of Realtors (NAR) found itself on the losing end of a loooonnnnngg legal battle, challenging the history of sellers footing the bill for a buyer’s Realtor commissions. This landmark decision, if approved by the courts, will send ripples through the industry, reshaping established norms in ways yet to be fully understood. Tentatively set for implementation as early as July 2024.

In a recent article by HousingWire dated March 15th, the implications of this legal development are dissected, shedding light on the complexities and potential ramifications for stakeholders within the real estate ecosystem. However, given the pace of developments in the industry, what was pertinent on that date may already be evolving.

At the heart of this shift lies the fundamental role of Realtors, who operate on a commission-based model, bearing the brunt of costs associated with facilitating home sales.  With the traditional practice of sellers covering buyer’s agent commissions under scrutiny, questions arise regarding the future landscape of real estate representation. Could we witness a paradigm shift akin to the retainer-based engagements common in professions like law and accounting? Might buyers be expected to compensate their agents through alternative fee structures such as hourly rates or retainers?

The implications are profound, not only for real estate professionals but also for buyers and sellers navigating the intricate terrain of property transactions. As the industry braces for change, there’s a sense of anticipation mingled with uncertainty. How will these dynamics unfold, and what new models of compensation and service provision will emerge in the wake of this legal precedent?

The major changes include:

1. The seller will no longer automatically pay both agents, though they can choose to do so.
2. The amount the buyer’s agent will make from a sale will no longer appear in MLS descriptions.
3. Sellers and buyers will have more flexibility in their negotiations, which could result in lower commission costs and lower home prices.

How will the changes impact the process?

Sellers can still negotiate the commission they pay, and they may be able to secure a lower cost. They can agree to pay commission for the buyer’s agent, but it’s not required.

Buyers can negotiate both the commission they will pay and how they will pay it, whether out of pocket or through other avenues. As the sands of change continue to shift beneath our feet, one thing remains certain: adaptation and innovation will be key as we traverse the uncharted waters of a redefined real estate landscape.

Thanks for reading,  Geoffrey | (214) 529-9622 

Can We Just Be Done with Scams?

Are you tired of navigating through a sea of deception every time you check your email, answer a phone call, or even receive mail? If so, you’re not alone. The prevalence of scams and fraudulent activities in today’s digital age has reached alarming levels, leaving many feeling exhausted and frustrated.

According to a report by the FBI, losses due to email scams alone amounted to a staggering $2.7 billion in 2022. These scams often involve impersonating legitimate entities such as title companies, tricking unsuspecting individuals into divulging sensitive information or making fraudulent payments.

But there’s one particular type of scam that hits close to home for many – the mortgage trigger lead. It’s hard to believe that in 2024, this practice still persists. When you apply for a mortgage and your credit is pulled, companies like Experian, TransUnion, or Equifax often sell your information to third parties who then bombard you with offers and solicitations.

Just imagine receiving a text like this from one of these companies: “This is Alex with XYZ… Thank you for submitting your mortgage inquiry through TransUnion! We are looking at your file now and we have some specific options we’d like to review with you. Is now a good time for a call?”

It’s frustrating, intrusive, and frankly, it’s time for it to stop. The constant bombardment of unsolicited offers and potential scams not only wastes our time but also puts our personal information at risk.  Give me Hope – have ideas of a solution????

Thanks for reading,  Geoffrey | (214) 529-9622

Featured Listing is one from Matt Calloway for $539,000 in Little Elm, TX

Geoffrey Davis, aka, The Frisco Mortgage Guy

A Trusted Mortgage Loan Originator

Geoffrey Davis – 214-529-9622

www.FriscoMortgageGuy.com

NMLS 206192

#FriscoMortgage #FriscoMortgageGuy

#DavisFamilyFinancial #CallGeoffrey

#TeamFriscoMortgage #FriscoMortgageGuySpeaks #OldManMortgage #CyclingMortgageGuy #RandomMortgageGuy #DavisFamilyMortgage #Mortgageific

You a Buyer or a Seller?

With the housing market gaining significant momentum, I figured some of you might be interested in checking out a few homes currently on the market. These listings are from my current clients, friends, or fantastic Realtors I collaborate with! Feel free to reach out whenever you’re ready to explore further—I’m here to facilitate connections!

Houston, TX for $925,000

Frisco, TX for $575,000

Andover, KS for $415,000

Prosper, TX for $975,000 (that is now contingent but was not when I was gathering homes)

Oak Point, TX for $495,000

Frisco, TX for $1,200,000

Lawrence, KS for $1,800,000

Thanks for reading,  Geoffrey | (214) 529-9622

Geoffrey Davis, aka, The Frisco Mortgage Guy

A Trusted Mortgage Loan Originator

Geoffrey Davis – 214-529-9622

www.FriscoMortgageGuy.com

NMLS 206192

#FriscoMortgage #FriscoMortgageGuy

#DavisFamilyFinancial #CallGeoffrey

Bridge The Gap

If you have raced bicycles, that term, “Bridge the Gap” could hold many emotions.  It is when you are racing, and a group of riders goes up the road and you must pedal faster to; Bridge the Gap!  Sometimes it is easy, other times, could seem impossible – but when working with a strong team, will seam effortless!!! 

Segway to my Purchase Bridge Loan here with First Bank.  With me on your team, the process will seam effortless when needing to buy a home here in TX prior to selling your current one.  Short Vid here on that process

But how about a Zoom call with me to learn all about it??  Promise to keep it short, easy to understand and will even bring a few jokes to entertain you!!!  214-529-9622 – #CallGeoffrey

Thanks for reading,  Geoffrey | (214) 529-9622

Geoffrey Davis, aka, The Frisco Mortgage Guy

A Trusted Mortgage Loan Originator

Geoffrey Davis – 214-529-9622

www.FriscoMortgageGuy.com

NMLS 206192

#FriscoMortgage #FriscoMortgageGuy #DavisFamilyFinancial