Tag Archives: Consumer Confidence

Article by Zillow Mortgage Marketplace states 29% of potential borrows do not qualify for a home loan due to FICO score below 620

September 28, 2010

Interesting article by Zillow Mortgage Marketplace today stating that 29% of potential borrows do not qualify for a home loan. Biggest reason, ficos below 620. Continue reading →

Overall, we see the fixed income market as “soft” but not in a hurry to head towards higher Austin mortgage rates

September 25, 2010

Overall, we see the fixed income market as “soft” but not in a hurry to head towards higher Austin mortgage rates. Just like I mentioned earlier today, the trade is one of consolidation and near good support. Continue reading →

Austin mortgage borrowers are encouraged to lay a little defense until the dust settles Thursday afternoon

July 28, 2010

In what looks to be a repeat of yesterday, stocks took off early this morning on the heels of DuPont’s great quarter and the Case Shiller Home Index coming in better than expected. First on DuPont; all divisions of their … Continue reading →

Short term, Austin mortgage borrowers are encouragerd to stay defensive

July 26, 2010

Short term, Austin mortgage borrowers are encouragerd to stay defensive. Fast money is selling the long end of the curve, dragging the 10 year note along with it. Not a lot of downside is expected from here. The week ahead will feature Case Shiller Home Prices, Consumer Confidence, Durable Goods, Weekly Claims, and GDP on Friday. Continue reading →

We expect Austin mortgage rates to stay low into the foreseeable future with current levels being the top of the range (best levels we could see)

May 25, 2010

This market is hard to handicap. On one hand, Europe will not get out of the dog house anytime soon. On the other hand, our economy is stable, maybe not growing very fast but stable. We expect Austin mortgage rates to stay low into the foreseeable future with current levels being the top of the range (best levels we could see). Continue reading →

In a nutshell, borrowers need to be wary of waiting to lock in this market

March 30, 2010

In a nutshell, borrowers need to be wary of waiting to lock in this market. The potential for worsening Austin mortgage prices is high as our work projects 4.0% on the 10 year before we see 3.75% (currently 3.88%). If there is a White Knight, it could come via an Employment Report (7:30 am cst Friday) that is well below expectations, say flat to negative. Continue reading →

Although the market has done better today, the reflex rally has yet to do anything impressive

March 26, 2010

Although the market has done better today, the reflex rally has yet to do anything impressive. Typically this leads to a neutral, inside day with the pattern not strong enough to overtake the bearish sentiment of the past two days. Usually, this type of short term bottom leads to a period of stalls and allows the moving averages to “catch up” to the market. We expect that with month end buying, the market could make a run for 3.83% yield on the 10 year note (currently at 3.86%) before rolling over and retesting the bottom ( heading back to 3.93%). Continue reading →

Best advice is to use any rally to lock your interest rate in!

March 12, 2010

With so many variables to consider – employment, sovereign debt, political rang lings’, and on and on – managing interest rate risk and helping our borrowers with their decisions on Austin mortgage rates is very hard to handicap. Best advice is to use any rally to lock your interest rate in! Continue reading →

Austin Mortgage Market Update – For the week of February 1, 2010

February 1, 2010

The week began with December Existing Home Sales dropping 16.7%. Some observers felt this was the result of uncertainty over the homebuyer tax credit, scheduled to expire at the end of November. Continue reading →

Daily oscillators are still posting positive readings and holding above midrange levels – all good things for those that want lower mortgages/better pricing

January 26, 2010

On the bright side, daily oscillators are still posting positive readings and holding above midrange levels. All good things for those that want lower mortgages/better pricing. Continue reading →