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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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Tag Archives: New Home Sales
Caution is advised to Austin mortgage borrowers!
Overall, we do not see that the fundamental economic picture has changes much at all. Technically, we are in an intermediate term bear market correction. One that could push the market to yields on the 10 year of 2.75%/2.78% (currently 2.70%). If correct, we should see good support from the 62% Fibonacci level (comes in around 2.75%). Continue reading
Austin Mortgage Market Update – For the week of August 30, 2010
The Mortgage Bankers Association’s weekly survey showed purchase loan applications UP 1% from the week before, refinance applications UP 6%, and Austin mortgage rates at record low levels Continue reading
Short term, Austin mortgage borrowers are encouragerd to stay defensive
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
Analyst Meredith Whitney expects U.S. economy to have rough 2nd half – if true, expect Austin mortgage rates to stay low into 2011
In the “for what it’s worth” department, top analyst Meredith Whitney has a bearish call on equities (stocks) and expects the U.S. economy to have a rough second half. If true, expect Austin mortgage rates to stay low into 2011. Continue reading
Austin Mortgage Market Update – For the week of June 7, 2010
The National Association of Realtors (NAR) reported the Pending Homes Sales index rose in April for the third month in a row, registering a 6% increase over the upwardly revised March figure. This index measures the number of homebuyers signing purchase contracts. April Pending Home Sales hit their highest level since October 2009 and are UP 22.4% year-over-year. Like Existing and New Home Sales the week before, a good part of the gain was put to the tax credit expiration that required a signed contract by April 30. The NAR also forecast new home sales will be UP 18.5% for the year. Continue reading
Austin Mortgage Rates Rise on Improving Economic Data
While inflation remained low, stronger than expected economic data released this week was negative for mortgage markets. As a result, Austin mortgage rates ended the week a little higher. Continue reading
New Home Sales gains also smell of the last mad rush for 8K in buyers credit money before we put that program to bed the end of next week
New Home Sales were also released, up 26.9% to 411K annual units. The print blew away economists estimates of plus 330K. Every region of the country rebounded with the “South rising again”, up 43% month on month. Although the numbers were great, they are coming off the worst month (February) in 22 years. The gains also smell of the last mad rush for 8K in buyers credit money before we put that program to bed the end of next week. Continue reading
The tactical bias for Austin mortgage rates and pricing is to remain neutral
The tactical bias for Austin mortgage rates and pricing is to remain neutral, trading a range on the 10 year note between 3.75% and 3.82%. Stocks want clarity on the Goldman/SEC issue which will lead bonds to react accordingly. Our work on the 10 year note chart is providing neutral to bullish trend signals and overbought conditions at the same time. Classic example of a mixed bag. Continue reading
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