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- Austin Mortgage Market Update – For the week of February 6, 2012
- Texas Mortgage Market Update – For the week of January 30, 2012
- Austin Mortgage Market Update – For the week of January 23, 2012
- Texas Mortgage Market Update – For the week of January 16, 2012
- Texas Mortgage Market Update – For the week of January 9, 2012
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Most Popular Posts
- Daily oscillators are still posting positive readings and holding above midrange levels – all good things for those that want lower mortgages/better pricing
- Dallas Zip Code Map – Fort Worth Zipcode Map – DFW Zip Code Maps
- Using one standard deviation and a dart board, our bias is for 100k in job losses and a 9.9% unemployment rate
- Austin Continues to Lead Country Out of the Recession
- 2010 Central Texas Homestead Exemption Forms
- Austin Mortgage Market Update – For the week of November 15, 2010
- City of Austin Requires Energy Audit Before Property Sale
- Dallas & Forth Worth (DWF) Zip Code Maps on MaxLeaman.com
- We see the selling as shallow into the later part of the week and then a rebound/rally to deliver better mortgage pricing as we close the book on July
- Texas Mortgage Rates Moved Higher This Week
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Category Archives: Austin Mortgage Market
Austin Mortgage Market Update – For the week of April 4, 2011
Patience has certainly been needed to weather the ups and downs of the current U.S. housing market. But as we await strong recovery, we can take heart in positive signs when they show up. Last week we had the report that Pending Home Sales were up 2.1% in February. This measure of contracts on existing homes indicates sales should rebound in March following February’s drop. Continue reading
Austin Mortgage Market Update – For the week of March 21, 2011
Well, journalists had plenty of their kind of news to write about with last week’s housing reports. The bad stuff began with February Housing Starts dropping 22.5% to a level close to the April 2009 low, which was the lowest on record. Most of the drop was from multi-family starts, which are volatile on a monthly basis. Single-family starts were down 11.8%. New Building Permits fell 8.2% for February. This gauges activity a few months out, indicating starts in the Spring ought to be up a bit from now. Continue reading
Austin Mortgage Market Update – For the week of March 7, 2011
We should be especially careful to not erect barriers to our progress just because of a minor setback, like the one we had with last week’s Pending Home Sales. The National Association of Realtors (NAR) index of signed contracts on existing homes slipped in January for the second month in a row. But the drop wasn’t as bad as expected and, as the NAR’s chief economist said: “We should not expect the recovery to be in a straight upward path–it will zig-zag at times.” Continue reading
How President Obama’s State of the Union Address will Impact Economy and Mortgage Markets
The focus this week will be directed at President Obama’s State of the Union Address on Tuesday, the first FOMC meeting of 2011 on Wednesday, and the first release of fourth quarter GDP results on Friday. Continue reading
Where do we begin on this first trading day of the new year? How about at the beginning. Before we can do that, let’s review 2010
So what’s ahead in 2011? No one knows for sure. We do know that treasury and mortgage pricing will be looking for clues. Clues as to whether or not the economy is really expanding or needs more time to clear the mine fields. Continue reading
We feel that near term price action will focus on further downside (higher Austin mortgage rates/worse pricing) as we have yet to find a bottom
We feel that near term price action will focus on further downside (higher Austin mortgage rates/worse pricing) as we have yet to find a bottom. If there is a ray of hope, it will be that the 10 year note can hold at or below 2.95% (currently 2.93%). Best bet for Texas mortgage borrowers is to stay defensive. Before the market picks your pocket, lock your mortgage loans with the float down option (“option to lower your interest rate one time”)! Continue reading
Market is Slipping Again; Best bet for Austin mortgage borrowers is to use the float down option
Given the economic backdrop (high unemployment, etc.) we feel this move is close to a bottom. Trouble is, picking bottoms are like catching falling knifes, hard to do without some pain. Best bet for Austin mortgage borrowers is to use the float down option (“option to lower your interest rate one time”) to guard against a reversal (rally). Continue reading
Currency wars is what this is all about and the Fed is getting exactly what it hoped for, consumer expectations of rising inflation to shut the door on deflation
Currency wars is what this is all about and the Fed is getting exactly what it hoped for, consumer expectations of rising inflation to shut the door on deflation. This was evidenced in last week’s Michigan Sentiment Survey. With QE2 priced in “before” it happened and the negative connotations mentioned above, treasuries have continued to be slaughtered, sending credit costs higher, doing nothing to stimulate the economy. Look for the Fed to try and talk rates back down. Continue reading
HomePath Mortgage – Frequently Asked Questions
HomePath Mortgage – Frequently Asked Questions – The real estate industry is buzzing about HomePath Fannie Mae acquires homes through foreclosure. Buyers can finance these properties with only 3% down. HomePath rates are excellent. No appraisal required, nor is mortgage insurance! Continue reading
FHA Loans Available for Borrowers with Credit Scores Between 620-639
PrimeLending has secured an exclusive agreement with investors, allowing me to offer FHA loans to borrowers with credit scores between 620 & 639. Other lenders require a FICO credit score of 640 or higher for FHA loans. I can close FHA loans in 30 days or less. Continue reading
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