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.

February 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.

February 11, 2011|MBS Quoteline Newsletter|

Texas Mortgage Rates Moved Higher This Week

US Inflation concerns hit bond markets this week. Despite soothing comments from Fed Reserve Chief Bernanke, stronger than expected economic growth and higher commodity prices raised investor fears that future inflation may increase. As a result, Texas mortgage rates moved higher during the week.

February 4, 2011|MBS Quoteline Newsletter|

Austin mortgage rates move a little lower last week

Favorable conditions helped Austin mortgage rates move a little lower last week. The inflation data released during the week showed that inflation continued to remain at very low levels. In addition, demand for longer-term Treasury securities was strong.

January 17, 2011|MBS Quoteline Newsletter|

Austin mortgage rates ended the week nearly unchanged from last week

There were few surprises from the economic news released this week. The U.S. economic data generally was very close to the consensus forecasts, and activity levels were low during the holiday season. While daily volatility remained high, Austin mortgage rates ended the week nearly unchanged from last week.

December 23, 2010|MBS Quoteline Newsletter|

What’s Going On With Texas Mortgage Rates?

After reaching the lowest levels in history, Texas mortgage rates have shot higher over the past two weeks. There is not a simple explanation for why this increase in Texas mortgage rates occurred, but looking at the many factors which are influencing Texas mortgage rates right now will help to understand what's going on.

November 19, 2010|MBS Quoteline Newsletter|

Austin Mortgage Rates Improve Modestly

Uncertainty about an expected new Fed stimulus program created a lot of movement in Austin mortgage rates during the week. Fed officials offered few details about the program, though. In the end, despite the volatility, the result was just a small decline in Austin mortgage rates for the week.

October 22, 2010|MBS Quoteline Newsletter|

Austin mortgage rates ended the week with little change

The economic data released during the week continued to show low inflation and modest economic growth. As a result of no real surprises, Austin mortgage rates ended the week with little change.

October 15, 2010|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.

October 11, 2010|MBS Quoteline Newsletter|

Austin mortgage rates ended the week nearly unchanged

Although daily volatility was high this week, Austin mortgage rates ended the week nearly unchanged. A steady stream of economic news was roughly neutral for Austin mortgage rates, as stronger than expected economic data was offset by solid demand for the week's Treasury auctions.

October 1, 2010|MBS Quoteline Newsletter|

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