We see little change ahead until Friday when the Employment Report for March will be released
Mortgage backs unchanged, 10 year note unchanged, stocks up 150 [...]
Austin Mortgage Rates Hold Low Levels
The Fed announcement last week about an expansion of the [...]
There’s an old saying among traders, “don’t fight the Fed.” Certainly fits in today’s market and maybe we should add “let the big dog eat.”
Fast market conditions exist as the 10 year note has [...]
City of Austin Requires Energy Audit Before Property Sale
Austin Energy Conservation Audit and Disclosure Ordinance, Frequently Asked Questions. What is the Austin Energy Ordinance? What properties are effected by the new Austin Energy Audit Ordinance? Why was the new Austin Energy Ordinance passed? When does the Energy Ordinance take effect in Austin, TX? What do Austin homeowners need to do to meet the Austin Energy Ordinance requirements? Are there exemptions to the Austin Energy requirement?
We’ll stick to our story that the worse in over with mortgage rates rising, pricing worsening since a week ago Wednesday so a little improvement should be in order
Weekly Unemployment Claims hit the tape plus 8K to 652K [...]
Stocks off 17 on the Dow yet all markets have a high degree of volatility. This market is nothing to mess around with.
Although the Fed has been in buying the long end [...]
We believe the slow grind to higher yields, worsening mortgage pricing has nearly run its course
Treasury traders have had to be quick as a cat [...]
Overlapping patterns suggest that the selling last Wednesday (afternoon), Thursday, and Friday was corrective in nature so the possibility of lower mortgage rates/better pricing has a high probability
Lots to talk about on this Monday morning. Overseas, it [...]
Given the firepower the Fed is willing to throw at the market via Quantitative Easing, we would not expect to see mortgage rates rise much further. We are however very close to a worsening price change
Market wise, we see this as a period of consolidation, one that is more about fatigue. So much has been going on with TARP, TALF, AIG, FOMC, and U and ME that the market is simply wore out. Given the firepower the Fed is willing to throw at the market via Quantitative Easing, we would not expect to see mortgage rates rise much further. We are however very close to a worsening price change.
Fed Surprise Lowers Mortgage Rates
Thanks to a Fed announcement (see below) which exceeded all [...]