Austin Mortgage Market

Price action post auction has not done anything to help Austin mortgage pricing

Price action post auction has not done anything to help Austin mortgage pricing. Sell side orders are still on the heavy side with MBS still off 15/32’s. As I mentioned earlier, we don’t see this as a major trend change or a sentiment shift towards the bears.

August 12, 2010|Austin Mortgage Market|

Bigger picture does not support a move to higher Austin interest rates

Stocks visiting good support and bouncing have added pressure to the fixed income complex as well. Bigger picture does not support a move to higher Austin interest rates, just one that adjusts value to a more neutral level.

August 12, 2010|Austin Mortgage Market|

In this market, best bet for Austin mortgage borrowers is to take advantage of the historic low levels of Austin mortgage rates

August 11, 2010|Austin Mortgage Market|

Austin interest rates too good so be careful in this market

What we do know is that the bond market is anticipating additional accommodation via treasury/MBS purchases or others forms of stimulus. We may, in fact, have gotten a little ahead of ourselves (Austin interest rates too good) so be careful.

August 10, 2010|Austin Mortgage Market|

Given we’re trading at or near historic low yields, best bet is for Austin borrowers to lock in today’s great Austin mortgage rates

With that in mind and the fact we’re trading at or near historic low yields, best bet is for Austin borrowers to lock in today’s great Austin mortgage rates and move on down the road.

August 9, 2010|Austin Mortgage Market|

The labor market is not bleeding jobs at this time but the pace of growth needs to pick up to +200k to +300k to represent a change in the unemployment situation in the U.S.

The bottom line is that today’s report does nothing to encourage the markets that employment is in fact improving at a faster pace. It is acknowledged that the labor market is not bleeding jobs at this time but the pace of growth needs to pick up to +200k to +300k to represent a change in the unemployment situation in the U.S.

August 6, 2010|Austin Mortgage Market|

We look to still be headed for better Austin mortgage rates

We look to still be headed for better Austin mortgage rates. With the bounce back today, these are very nice levels.

August 3, 2010|Austin Mortgage Market|

Austin Mortgage Market Update – For the week of August 2, 2010

Last week began nicely with June New Home Sales UP 23.6% to an annual rate of 330,000, well ahead of expectations. This was a sharp rebound from May when New Home Sales sank to record lows not seen since 1963. This volatility of course is all about the homebuyer tax credit (requiring a contract by April 30 and a closing by June 30, now extended to September 30). Consequently, new homes sold at a 422,000 pace in April, fell to a 267,000 pace in May, then went to 330,000 in June.

August 2, 2010|Austin Mortgage Market, Inside Lending Newsletter|

For the sixth week in a row now, Austin mortgage rates have eased to all-time record lows

For the sixth week in a row now, Austin mortgage rates have eased to all-time record lows, even during a week of pretty mixed housing data. Rates sit at the lowest point since Freddie began tracking it in 1971.

July 30, 2010|Austin Mortgage Market|