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Austin Mortgage News

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Austin Mortgage News includes the latest information about the Austin Mortgage Market and Real Estate Austin, Texas. Current articles, original research, discussions, and marketing opportunities in the greater Austin, TX area. including but not limited to: Austin, Round Rock, Pflugerville, Georgetown, and Kyle.

Many experts are expecting Austin mortgage rates to jump a half a point or more after the Fed’s mortgage backed securities (MBS) purchase program wraps up at the end of March

Austin mortgage rates - Many experts are expecting Austin mortgage rates rates to jump a half a point or more the Fed's mortgage backed securities (MBS) purchase program wraps up at the end of March. Take a look HERE to see how historically low Austin mortgage rates are today. It looks like waiting to get Austin mortgage financing could be dangerous to one’s financial health!

NAR Regulatory Issue Summary: FHA CHanges

On January 20, 2010, FHA announced major changes to ensure its long-term financial soundness. FHA is trying to balance three fundamental objectives: 1) financial soundness of the FHA insurance fund – ensuring that its capital ratio returns above 2 percent, 2) fulfilling its mission of serving borrowers not adequately served by the private sector and 3) facilitating the recovery of the housing industry and the over-all economy.

Update from the National Association of Realtors: Extending and Expanding the Tax Credit

Senate leaders of both parties, key Senate Finance Committee members and staff, and the homebuyer tax credit sponsors Sen. Chris Dodd (D-CT), Sen. Joe Lieberman (I-CT, and Sen. Johnny Isakson (R-GA), have reached an agreement on extending and expanding the housing tax credit. However, right now, there is no agreement on how to attach this tax credit to the pending Unemployment Insurance bill, or whether to offer the tax credit agreement as an amendment to another bill, or whether to bring the agreement to the Senate floor and vote upon it as a separate, stand alone bill.

Housing Affordability Hovers Near Highest Level In 18 Years

Housing Affordability Hovers Near Highest Level In 18 Years - Houses are the cheapest they've been since 1991. Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter of 2009 continued to hover near its highest level since the series began 18 years ago, according to the National Association of Home Builders (Aug. 19, 2009). You have the financial opportunity of a lifetime.