Commercial real estate within the Austin metro statistical area is growing rapidly and has taken the top position in three out of six of the categories included in the Equity REITS/Commercial Real Estate MSA Tracker during the second quarter of 2010.
With yields at or approaching historic yields, Austin mortgage borrowers are advised to lock their interest rates with our float down feature. Doing so has treated Austin mortgage borrowers very well the past few months.
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
For today, when stocks go tick, bonds go tock. Dangerous price action so be careful Austin mortgage borrowers! As we speak, the 10 year note is off 40/32’s and 30 year bond down nearly 3 points.
We see this as an early warning sign that risk reward is not in your favor, Austin mortgage borrowers. Overall sentiment and economic fundamentals will continue to support a low interest rate environment but not without corrections and volatile conditions.
Generally weaker than expected economic data again pushed Austin mortgage rates to new lows this week. The current Fed outlook is for below average economic growth with low inflation, which is a favorable environment for low Austin mortgage rates.
With the GDP release tomorrow, Austin mortgage borrowers are advised to lock their interest rates with the float down in preparation for a stress-free weekend. The treasury market has reacted favorably, but the MBS spreads are working against us… meaning that MBS pricing has not kept the pace with Treasuries.
Few things in life are guaranteed. When it comes to money, even fewer. But these are nervous times. The stock market is swaying like a drunk debutante. The economy is wobbly. Who can trust anything any more? Most people are hard-pressed, nervous and unsure of what to do.
Austin mortgage borrowers are advised to play defensive. Both the 10 year note and mortgage backs are negative on the day
Not advocating a new trend change to higher Austin mortgage rates, just a hold-steady type of market. When this kind of environment is at hand, Austin mortgage borrowers are advised to lock their Austin mortgage rates and get out of the way as the risk reward is not in your favor.
