Tag Archives: GDP

Keep your guard up, Austin mortgage borrowers – the volatility is huge

September 21, 2010

The quick trade was to sell bonds, notes and MBS. We have since came off the sell side, to flatten out and recover. Keep your guard up, Austin mortgage borrowers – the volatility is huge. Continue reading →

Austin mortgage pricing to be slightly better or worse from today’s levels over the next week or so

August 13, 2010

Given the auction paper to digest and the soft economic background, we expect the market to trade in a small range with a bullish bias, allowing for Austin mortgage pricing to be slightly better or worse from today’s levels over the next week or so. Continue reading →

In this market, best bet for Austin mortgage borrowers is to take advantage of the historic low levels of Austin mortgage rates

August 11, 2010

In this market, best bet for Austin mortgage borrowers is to take advantage of the historic low levels of Austin mortgage rates 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 →

Weak Data Moves Austin Mortgage Rates Lower

February 26, 2010

After several weeks of focus on Fed actions and events in foreign markets, domestic economic data was the primary influence on mortgage markets this week. Weaker than expected results from the data helped Austin mortgage rates, which ended the week lower. Continue reading →

Austin Mortgage Market Update – For the week of February 22, 2010

February 22, 2010

Builders are jumping on the recovery bandwagon, as January Housing Starts beat consensus estimates, heading UP 2.8% to an annual rate of 591,000 units. Single-family starts are now 35.6% up from their low a year ago. Total new building permits dropped a tad in January, but single-family permits were up 0.4% for the month and UP 48.2% from a year ago. Continue reading →

Expectations for worsening Austin mortgage pricing is quite high so take cover

October 14, 2009

The failure of the market to hold yesterday’s gains suggest we are building on a bearish continuation pattern. English translation is one of caution, telling us it’s time to be defensive. We expect the new range on the 10 year to be 3.34% to 3.48%. Expectations for worsening Austin mortgage pricing is quite high so take cover. Continue reading →

Austin Mortgage Market Update – For the week of October 5, 2009

October 5, 2009

Another good week for the housing market. The S&P/Case Shiller home price index was up for the third month in a row and the rate of annual decline fell for the sixth month in a row! Price increases were reported in 18 of 20 metro areas measured. Many now feel this data indicates the worst of the price declines are behind us. David M. Blitzer, chairman of the index committee at Standard & Poor’s, said: “These figures continue to support an indication of stabilization in national real estate values.” Continue reading →

For now, let’s call the market neutral with a slightly bullish bias for Austin mortgage pricing

September 8, 2009

Meant to post this Sept. 4. Nonfarm payrolls fell 216K, Unemployment rate jumps to 9.7%, and both June and July job losses were revised higher.  At best, the report is “mixed” with optimists looking at the downward slope of job … Continue reading →

Extremely low Austin mortgage rates on the horizon

August 17, 2009

Monday is shaping up to be a good days for us Austin mortgage types.  Stocks are on the run, starting in Asia, China, and London with state side traders picking up the ball on the open.  Currently, the Dow is … Continue reading →