Tag Archives: bearish

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

Austin mortgage borrowers are advised to take advantage of rate improvement we see as the skies have yet to clear

With the elections and the Fed meeting next week to hopefully clarify QE2, things could get wild. We also have the Employment report for October a week from tomorrow. Austin mortgage borrowers are advised to take advantage of any rate improvement we see as the skies have yet to clear. Continue reading

Sellers are in control of the market with additional downside (higher yield/worsening Austin mortgage pricing ) a high probability

Sellers are in control of the market with additional downside (higher yield/worsening Austin mortgage pricing ) a high probability. Continue reading

Austin mortgage borrowers are advised to be defensive

Austin mortgage borrowers are advised to be defensive. Stocks will be the key. If they slip, we’ll do better. Overall, QE2 will keep a floor under the market. Just the same, we’ll need to deal with the volatility. Continue reading

Throw all the factors together and you can make a good case for the market and Austin mortgage pricing to stall unit early November’s elections and FOMC meeting

We see the set up as neutral, given a multitude of bearish divergences on one side and Fed Chief Bernanke and his dollar printing press on the other. Throw all the factors together and you can make a good case for the market and Austin mortgage pricing to stall unit early November’s elections and FOMC meeting. Continue reading

We’ll give the 10 year note auction a B, not to hot, not to cold, but just right considering yesterday’s disaster

We’ll give the auction a B, not to hot, not to cold, but just right considering yesterday’s disaster and the tough hedging environment that fixed income investors are in today. Continue reading

Take advantage of any rally the market gives you and get on the bus before it leaves the station

This is a time for Austin mortgage borrowers to be careful. Take advantage of any rally the market gives you and get on the bus before it leaves the station. Continue reading

Time for Austin mortgage borrowers to get a little defensive, looking to Friday’s employment report for a little more economic clarity

One report doesn’t turn the trend but at the same time, we have been warning about topping action and poor risk reward in gambling with this market. Time for Austin mortgage borrowers to get a little defensive, looking to Friday’s employment report for a little more economic clarity. Continue reading

Just a heads up as both the 10 year note and mortgage backs are negative on the day

Austin mortgage borrowers are advised to play defensive. Both the 10 year note and mortgage backs are negative on the day Continue reading