Flower Mound - Highland Village - Argyle | July 2023

Bank-issued, FDIC-insured

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2023 HOME EDITION

1-year 5.25 Compare our CD Rates Bank-issued, FDIC-insured % APY* 3-month

Compare our CD Rates Bank-issued, FDIC-insured 6-month Compare our CD Rates Bank-issued, FDIC-insured

Compare our CD Rates Bank-issued, FDIC-insured Compare our CD Rates Bank-issued, FDIC-insured Compare our CD Rates Bank-issued, FDIC-insured 3-month

6-month 5. 3 0 6-month

% APY* % APY* 6-month

Months of inventory Real estate agents are seeing a greater amount of homes on the market in Flower Mound, Highland Village and Argyle, leading to a backlog of inventory, or available homes for sale. Argyle Flower Mound Highland Village

3-month

1-year 5.20 1-year 5.20 6-month % APY*

3-month

5. 3 0 5. 3 0

5.25 6-month

5. 3 0 3-month 5. 3 0 3-month

5.25 6-month 5.25 3-month

% APY*

% APY* % APY* APY*

% APY* % APY* APY* 5. 3 0 % APY*

% APY* % APY* APY*

5.25

Call or visit your local financial advisor today.

Call or visit your local financial advisor today. Call or visit your local financial advisor today. Call or visit your local financial advisor today.

Len Chavez Financial Advisor 3301 Long Prairie Road Suite 150 Flower Mound, TX 75022 972-724-0330

Len Chavez Financial Advisor 3301 Long Prairie Road Suite 150 Flower Mound, TX 75022 972-724-0330 Len Chavez Financial Advisor 3301 Long Prairie Road Suite 150 Flower Mound, TX 75022 972-724-0330

Len Chavez Financial Advisor 3301 Long Prairie Road Suite 150 Flower Mound, TX 75022 972-724-0330 Len Chavez Financial Advisor 3301 Long Prairie Road Suite 150 Flower Mound, TX 75022 972-724-0330 Len Chavez Financial Advisor 3301 Long Prairie Road Suite 150 Flower Mound, TX 75022 972-724-0330 06/30/23

Call or visit your local financial advisor today.

Len Chavez Financial Advisor 3301 Long Prairie Road Suite 150 Flower Mound, TX 75022 972-724-0330

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* Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued bu institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price ch when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in m quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks registered with the Depository Trust Corp. (DTC).

* Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued but not yet paid) per depositor, per insured depository institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price change. CD values are subject to interest rate risk such that when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in market value. Early withdrawal may not be permitted. Yields quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks and thrifts nationwide. All CDs sold by Edward Jones are registered with the Depository Trust Corp. (DTC). * Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued but not yet paid) per depositor, per insured depository institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price change. CD values are subject to interest rate risk such that when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in market value. Early withdrawal may not be permitted. Yields quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks and thrifts nationwide. All CDs sold by Edward Jones are * Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued but not yet paid) per depositor, per insured depository institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price change. CD values are subject to interest rate risk such that when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in market value. Early withdrawal may not be permitted. Yields quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks and thrifts nationwide. All CDs sold by Edward Jones are registered with the Depository Trust Corp. (DTC). FDI-1867L-A © 2022 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. AECSPAD

FDI-1867L-A © 2022 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. AECSPAD * Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest a institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability an when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover lo quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued registered with the Depository Trust Corp. (DTC). * Annual Percentage Yield (APY) effective 0 6 / 9 /23. CDs offered by Edward Jones are bank-issued and FDIC-insur

2.2

0.5 0.4

0.9

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SOURCE: COLLIN COUNTY REALTORS ASSOCIATIONCOMMUNITY IMPACT

Due to federal regulations, discounted offers are not applicable to Medicare or Medicaid.

move, and just generally things are more expensive now.” The rise in interest rates is the cat- alyst, according to multiple agents. Residents and would-be buyers can realistically expect to pay nearly double the amount of money on interest alone as they would have in 2021 and 2022. “The only times lately we’ve seen a house go on the market is if the seller had a death in the family, is moving due to a divorce or separa- tion or they are moving out of state,” Buehler said. “It’s a bad time for the market and it’s a tough time to be a real estate agent.” A look ahead Joe Boggs, branch manager with mortgage-lending company Supreme Lending in Allen, said relief is on the horizon—in 2024. National legislatures are currently proposing bills that would “signi- cantly lower” property taxes, Boggs said, which if passed would decrease monthly house payments for buy- ers around the rst quarter of 2024, Boggs said. “This could spur a resurgence in rst-time homebuyers,” Boggs said. “Also most mortgage lenders oer down payment assistance programs, so if the buyer [is able to] qualify for monthly house payments but are short on [the initial] down payment, these programs can help oset those initial costs.” The Federal National Mortgage Association, or Fannie Mae, reported in May that interest rates could begin

Raising rates Interest rates on homes have risen every year in the United States since 2020. In Flower Mound, Highland Village and Argyle, specically, interest rates are currently between 6%-7%. JUNE 2021 Average national rate around 3% JUNE 2022 Average national rate around 6% JUNE 2023 Average national rate is nearly 7%

972-724-4357

2921 Long Prairie Rd. Flower Mound, TX 75022 Scan to schedule an appointment

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SOURCE: SUPREME LENDING COMMUNITY IMPACT

to decline toward the end of 2023 and into the rst quarter of 2024. But don’t expect a return to the days of 3% and 4% rates right away, Buehler said. However, Rybowicz said he expects the Dallas-Fort Worth mar- ket—and Flower Mound, Highland Village and Argyle—should return to being busy even if a small rate decrease occurs. “I think as soon as [rates] go down a bit it’ll be back to crazy town again [with buyers and sellers],” he said. “Albeit, never quite like peak pan- demic times.”

ULTIMATE SAVNIGS EVENT Only for a Limited Time! $0 CLOSING COSTS OR INTEREST RATE LOCK when you purchase a home from Coventry Homes June 9 - July 31, 2023.* ULTIMATE SAVINGS EVENT

Harvest | Pecan Square | The Ridge | Trailwood | Waterbrook

New Homes from the Mid $300s - $1 Million +

CoventryHomes.com

The Ultimate Savings Event only applies for the purchase of an inventory home from Coventry Homes in the Greater Dallas Fort-Worth Metropolitan Area, with an original purchase date of June 9, 2023 through July 31, 2023. *For the $0 Closing Cost Promotion, Seller will pay up to $20,000 (amount varies by community) toward normal closing costs, including normal pre-paid closing costs held in escrow by the title company not to exceed the maximum Seller contribution limits allowed by Lender. This promotion does not apply toward Buyer’s down payment or Build On Your Lot purchases. Offer available only to qualified purchasers financing through Seller’s preferred Lender (FC Lending, CMC Home Lending or Jet Home Loans only) and closing through Seller’s Affiliated Title Company (Millennium Title of Texas, LC.). **Promotional “Buy-Down” rate is available to new qualified purchasers financing through Seller’s preferred Lender (Jet Home Loans only) and closing through Seller’s Affiliated Title Company (Millennium Title of Texas) and applies to the first two years only. Buyer must have purchased between June 9, 2023 and July 31, 2023 to participate and is not available to existing buyers that have already purchased. Funds are limited and may not be available at time of Loan Application. Buyer can choose the “$0 Closing Cost” or the “Promotional Rate Buy-Down” promotion, but not both. All loans are subject to credit and property approval. Programs, rates, program terms and conditions subject to change without notice. Other restrictions and limitations apply.

For more information, visit communityimpact.com .

FLOWER MOUND HIGHLAND VILLAGE ARGYLE EDITION • JULY 2023