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MBS Quoteline Newsletter

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Read the latest news and information provided by the amazing talent at MBS Quoteline Newsletter.

Texas mortgage rates improve a little the week of February 18

After rising for several weeks, Texas mortgage rates improved a little this week. The news on inflation was not as negative as investors may have feared, and the economic growth data was mixed. The most significant reports on growth, Retail Sales and Industrial Production, both fell short of expectations, which helped Texas mortgage rates.

2011-02-18T17:13:21-06:00February 18, 2011|MBS Quoteline Newsletter|

Texas Mortgage Rates Increase Week of Feb. 11

Inflation concerns and a higher than expected January budget deficit caused Texas mortgage rates to move a little higher during the week. Solid demand for this week's longer-term Treasury auctions helped prevent a larger increase in Texas mortgage rates. Investors hoping for inflation relief from the Fed were disappointed. In testimony on Wednesday, Fed Chief Ben Bernanke suggested that Fed officials view overall inflation levels as low and have no near-term plans to tighten monetary policy to fight rising inflation.

2011-02-11T14:42:29-06:00February 11, 2011|MBS Quoteline Newsletter|

Austin Mortgage Rates Helped by Weak Jobs Data

Weak Employment data and increased expectations for Fed monetary easing were favorable for Austin mortgage rates this week. Investors have priced in a high likelihood of additional Treasury security purchases by the Fed, which would increase demand for mortgage-backed securities (MBS). As a result, Austin mortgage rates declined to a new record low.

2010-10-11T09:46:39-05:00October 11, 2010|MBS Quoteline Newsletter|