Austin Mortgage Market

Austin mortgage blog updated every business day! Read Austin mortgage updates, including Austin mortgage news and information about Austin mortgage pricing, stocks, bonds, and the U.S. economy. Austin Mortgage Blog also covers the latest Austin mortgage and real estate topics.

We might be in for a ride to even lower Austin mortgage rates

Daily studies, however, are still a bit skeptical of the strength. If we see a strong move above 123-24, hold on, we might be in for a ride to even lower Austin mortgage rates.

July 29, 2010|Austin Mortgage Market|

Austin mortgage borrowers are encouraged to lay a little defense until the dust settles Thursday afternoon

In what looks to be a repeat of yesterday, stocks [...]

July 28, 2010|Austin Mortgage Market|

Short term, Austin mortgage borrowers are encouragerd to stay defensive

Short term, Austin mortgage borrowers are encouragerd to stay defensive. Fast money is selling the long end of the curve, dragging the 10 year note along with it. Not a lot of downside is expected from here. The week ahead will feature Case Shiller Home Prices, Consumer Confidence, Durable Goods, Weekly Claims, and GDP on Friday.

July 26, 2010|Austin Mortgage Market|

Stock traders have put a positive spin on the Euro Bank stress tests

Just a heads up as stock traders have put a positive spin on the Euro Bank stress tests. Currently, the Dow is 90 points with financial equities having a pretty good day.

July 23, 2010|Austin Mortgage Market|

7 of 91 Euro zone banks failed the stress test

7 of 91 Euro zone banks failed the stress test. As we expected, two of the Spanish banks didn’t make the grade along with one German institution, a couple of Greek banks, and an Irish bank.

July 23, 2010|Austin Mortgage Market|

Today’s “big deal” will be the results of European bank stress tests

Today’s “big deal” will be the results of European bank stress tests, due out at 11:00 am cst. Street talk has it that the tests will show a couple of Spanish banks failed portions of the test. Others are rumored to have done ok.

July 23, 2010|Austin Mortgage Market|

With the market being so psycho and at historic lows in Austin mortgage rates, best to be careful

With the market being so psycho and at historic lows in Austin mortgage rates, best to be careful. You never know if tomorrow will be Dr Jekyll or Mr Hyde.

July 22, 2010|Austin Mortgage Market|

Semiannual Monetary Policy Report to the Congress

The Fed Chief is on the hill, still speaking about the state of our economy. I haven’t caught much of his speech, only been following the market reaction. Stocks don’t like it, down 120 on the Dow. Bonds like it, up 8/32’s on the 10 year note.

July 21, 2010|Austin Mortgage Market|

Failure to rally isn’t bad, just paints the chart neutral which will cause Austin mortgage rates/pricing to stay close to current levels

Failure to rally isn’t bad, just paints the chart neutral which will cause Austin mortgage rates/pricing to stay close to current levels. Kinda like being all dressed up and no place to go.

July 21, 2010|Austin Mortgage Market|

Good time for Austin mortgage borrowers to put both hands on the wheel

This typically will tell us that buyers of treasuries still have the advantage but will need a little giddy up go to stay at these levels. Good time for Austin mortgage borrowers to put both hands on the wheel.

July 20, 2010|Austin Mortgage Market|

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