October, 2009 | Texas Mortgage - Texas Mortgage Rates - Leaman Team

Austin Mortgage Market Update – For the week of 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."

October 5, 2009|Inside Lending Newsletter|

Economic Data Falls Short

After several weeks of economic announcements generally exceeding forecasts, weaker than expected labor and manufacturing data, along with comforting comments from Fed officials about inflation, helped mortgage markets this week. Reacting to the data, investors shifted funds out of the stock market and into bond markets, and mortgage rates ended the week at the lowest levels since May.

October 3, 2009|MBS Quoteline Newsletter|

With both the ISM manufacturing index and the non-farm payroll employment report due out tomorrow; the market is cautiously watching

With both the ISM manufacturing index and the non-farm payroll employment report due out tomorrow; the market is cautiously watching. The Dow is down 140, and Bonds are up across the entire curve. The 10 year is up 22/32s and the 30 Year Bond is up more than point. The RSI (Relative Strength Index) on the 60 minute chart is at 87, well into the red!

October 1, 2009|Austin Mortgage Market|

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Monthly Archives: October 2009