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        <title>DFW Real Estate Blog</title>
        <link>http://www.texasnewhomerebates.com/blog/2021-02/</link>
        <description>Dallas-Fort Worth New Homes, Find DFW home builder sales promotions, price reductions, and housing news.</description>
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    <guid>https://www.texasnewhomerebates.com/blog/rising-10-year-t-bill-yields-begin-to-affect-mortgage-borrowing-costs.html</guid>
    <link>https://www.texasnewhomerebates.com/blog/rising-10-year-t-bill-yields-begin-to-affect-mortgage-borrowing-costs.html</link>
        <author>mike@askinsrealtygroup.com (Mike Askins)</author>
        <title>Rising 10-Year T-Bill Yields Begin to Affect Mortgage Borrowing Costs</title>
    <description> <![CDATA[ 



IT was bound to happen. Overplaying the COVID card has caused mountains of reckless government borrowing. With each passing day, the resulting debt-aftermath is approaching, and it looks daunting. It is clear to prevent a complete collapse of the credit currency that interest rates will need to go up to begin to remove from circulation all those inflation-causing credit instruments responsible for skyrocketing real estate and stock market valuations. In doing so, the Reserve Bank protects itself from collapse while transferring any resultingnbsp;consequences to the people. 


Honestly, it is not difficult to see thatnbsp;natural lawnbsp;is the gold standard of civilization. It fosters pricing stability and rationality, but it seems absent in todays artificial and highly speculative economic world, where a few people decide international economic policies and with it the fate of the worlds working class. It appears that banks have silently become the so-called New World Government with nations reduced to mere debtor entities.


Are 10-Year Treasury Yields Signaling a Housing Market Change?


Todaysnbsp;mighty economic engine fueled by trillions of dollars of borrowed stimulus are already beginning to signal the vibrations of a trend reversal, much like the shuddering of a mighty cruise ship when it reverses its massive propellers. The 10-Year U.S Treasury Yield has nearly tripled from its low of .5 and now yields 1.5. Mortgage interest rates are based on the 10-Year T-Bill and not on overnight Fed rates charged to banks. Keep your eyes on this T-Bill index.


Without a doubt, todays housing market needs balance. D/FW area homes are selling for ever-increasing prices driven by artificially low-interest rates, a hyper-deluge of government money printing, and a spike in buyer demand fueled in part by Americans escaping mostly Democrat-controlled cities and states. Oddly enough, rising home prices, in many instances, have caused those who would otherwise sell their homes, to stay put, exasperating the already low supply of homes for sale. Most homes that hit the market quickly get multiple offers that turn into a bidding war, signaling strong demand. However,nbsp;on the horizon are rising mortgage and interest ratesnbsp;fueled by massive government borrowing that can slow or reverse home values creating a more balanced housing market. Only time will tell.nbsp;


My advice? Hang tight, plan carefully and execute your plan. Housing is not an option but rather an absolute need for all. With so many complexities at play, perhaps it is time to talk to Realtorreg; Mike Askins, a long-time local DFW real estate top-producing expert, about your specific housing needs and how best to accomplish your goals.


Most of my clients who do sell their homes already have a new home under construction. Buying a new home seems to be the safest way to prevent not having a home ready when your current home closes. My new home move-up will save you thousands of dollars compared to full-cost brokerages. Find out more.


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    <pubDate>Thu, 25 Feb 2021 11:35:00 -0600</pubDate>
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    <guid>https://www.texasnewhomerebates.com/blog/the-texas-power-grid-gowing-pains-and-moving-forward.html</guid>
    <link>https://www.texasnewhomerebates.com/blog/the-texas-power-grid-gowing-pains-and-moving-forward.html</link>
        <author>mike@askinsrealtygroup.com (Mike Askins)</author>
        <title>The Texas Power Grid, Gowing Pains and Moving Forward</title>
    <description> <![CDATA[ 



Millions of Texans, including scores of families that have moved here recently, got a reminder of Mother Natures fury, compliments of Winter Storm Uri (photo courtesy of NASA). As it turns out, our solar systems Sun is now in what is known as a Solar Minimum. This might, according to astronomer Bob Berman, suggest we may be seeing more of these powerful winter storms in the coming years, due to lower sunspot activity. The good news is that Texas electric grid problems are all fixable, but it will cost money and require tens of thousands of new jobs to get this big Texas fail-safe job done. Texas is a can-do state, and the initiative is couched in urgency as stated by Gov. Greg Abbott. 


Job number one is to create the most robust, spare capacity energy supply and future expandable grid after careful failure analysis and projected growth patterns. This will take new generation capacity, new transmission lines, distribution substations, and careful load analysis of all substation outputs so maximum power can be sourced and supplied when needed. I think we all must agree, without electricity, were history. Our civilization is now 100 dependent upon electricity. It powers everything, from our business infrastructure, municipal water pumping stations, and pressurized gas grid, down to your LED lights in your home, and needs to be treated and protected as a vital national resource.


Green Energy Itself Was a Casualty of Winter Storm Uri


The idea of dependable Green Energy got exposed in a bad way when thousands upon thousands of solar-paneled roofs buried under snow produced zero energy, placing a sudden additional power demand on the power grid at exactly the time when the Grid needed added production to help cope with high demand. In this regard, Green Energy was a contributing cause of blackouts.


The Texas Grid project will run for years. Like transportation highways, electric highways must always be maintained, improved, and expanded. It must be broken down into sectors, subsectors and must handle not only todays power demands but all of tomorrows projected growth and be able to deliver all power requirements when called upon to satisfy emergency demands, similar to Winter Storm Uri. The good news is, Texas is a pro-growth, business-friendly state, and you can expect large projects to obtain the urgency needed and hopefully not die in a mountain of political red tape.


Yes, nature has given us a new mandate this Valentines Day, and we must adapt quickly because if we are entering a long-duration Solar Minimum, the politics must stop. Results must be obtained to fend off even more dangerous winter mega-storms. If our infrastructure was prepared, this storm should have been nothing more than a mere inconvenience, and hopefully, the Texas legislature will treat this weather emergency with urgency.


Flushing Toilets using Melted Snow? I Think We Can Do Better


In the end, it is all about practicality and understanding costs. Do you want to spend billions in aftermath costs, and lost business productivity, or do you want to invest billions in modernizing our Texas electric grid so that tomorrows mega-storms will have few lasting effects, other than temporary transportation issues? For me, there is no question about what must be done. Fixing the inadequate Texas electric grid is one kind of urgent public investment that needs emergency government fast-tracking.
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    <pubDate>Fri, 19 Feb 2021 17:37:00 -0600</pubDate>
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