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- Data Turns Austin Mortgage Rates Higher
- Take advantage of any rally the market gives you and get on the bus before it leaves the station
- Best bet for Austin mortgage borrowers is to lock in their interest rate
- Time for Austin mortgage borrowers to get a little defensive, looking to Friday’s employment report for a little more economic clarity
- Austin Continues to Lead Country Out of the Recession
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- City of Austin Requires Energy Audit Before Property Sale
- Using one standard deviation and a dart board, our bias is for 100k in job losses and a 9.9% unemployment rate
- 2010 Central Texas Homestead Exemption Forms
- Where to See Fourth of July Fireworks in Austin 2010
- EU Announces Larger Aid Package
- USDA Funds Running Out TODAY
- Austin Mortgage Market Update – For the week of August 9, 2010
- SEC has charged Goldman Sachs with fraud on subprime loans
- Weak Data Moves Austin Mortgage Rates Lower
- Austin mortgage pricing should remain relatively stable for most of the week and then worsen post Unemployment Report data on Friday
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Tag Archives: pending home sales
Best bet for Austin mortgage borrowers is to lock in their interest rate
Best bet for Austin mortgage borrowers is to lock in their interest rate. It just makes cents (and dollars too). Expect the day to be one of “squaring up” for traders in both bonds and stocks, with not much movement seen from current levels. Continue reading
Austin Mortgage Market Update – For the week of July 5, 2010
Last Thursday pending home sales, a measure of contracts signed for existing homes, were reported off 30% in May compared to the prior month. This of course was simply the result of the end of the homebuyer tax credit, which required a signed contract by April 30. Common sense tells us many of those April contracts would have happened in May or even later if it weren’t for the pressure to qualify for the tax credit. Continue reading
Austin borrowers are advised to lock in their Austin mortgage interest rates and step aside as we’re not sure whether the light in the tunnel is the end or a train
With risk reward not in your favor, Austin borrowers are advised to lock in their Austin mortgage interest rates and step aside as we’re not sure whether the light in the tunnel is the end or a train. 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
Friday’s Employment data will be huge; some are calling for as much as 600K new jobs created
riday’s Employment data will be huge. Some are calling for as much as 600K new jobs created. Keep this in mind today and tomorrow as a print of that magnitude will raise holy H E double hockey sticks with Austin mortgage pricing. Be square or beware. We’ll handicap the report tomorrow. Continue reading
Austin Mortgage Market Update – For the week of May 10, 2010
Last Tuesday the National Association of Realtors reported pending home sales were UP 5.3% in March over February, and UP 21.1% over March of last year. This gain in contracts on existing homes, following February’s 8.3% rise, indicates a nice boost should be coming in existing home sales for April. Buyers who signed contracts before the end of March now have till the end of June to qualify for their homebuyer tax credit. Continue reading
With stochastics and moving average crosses, odds are good we’ll push to lower yields and better Austin mortgage pricing
With stochastics and moving average crosses, odds are good we’ll push to lower yields and better Austin mortgage pricing. Improving economic conditions being trumped by a country one fifth the size of Texas. Go figure. Continue reading
Austin Mortgage Market Update – For the week of April 12, 2010
Last week February Pending Home Sales blasted past consensus estimates. The National Association of Realtors (NEA) index was UP 8.2% for the month and UP 17.3% year-over-year! Continue reading
Austin Mortgage Market Update – For the week of March 8, 2010
Austin Mortgage Market Update – Last week’s one housing report gave us the National Association of Realtors Pending Home Sales index, down 7.6% for January. But year over year, the NAR index is up 12.3%. Also, it’s now at 90.4 and a score of 100 equals the average level of contract activity for 2001, the base year, when activity was at a record high. So pending sales are still in pretty good territory. Continue reading
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