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- Dallas Zip Code Map – Fort Worth Zipcode Map – DFW Zip Code Maps
- Daily oscillators are still posting positive readings and holding above midrange levels – all good things for those that want lower mortgages/better pricing
- Using one standard deviation and a dart board, our bias is for 100k in job losses and a 9.9% unemployment rate
- New! Houston Zip Code Map – Houston, Texas
- Austin Continues to Lead Country Out of the Recession
- Dallas & Forth Worth (DWF) Zip Code Maps on MaxLeaman.com
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- 2010 Central Texas Homestead Exemption Forms
- City of Austin Requires Energy Audit Before Property Sale
- Texas Mortgage Rates Moved Higher This Week
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Monthly Archives: April 2009
Given the cross currents, the market look likely to balance both economic and humanitarian issues, allowing mortgage pricing to hold steady or improve just a little
Just when you think you’ve got the list covered: Tarp, TALF, FOMC, Corporate Earnings, GM in and out of BK, FOMC, Treasury Auctions, Bank Stress tests, and Housing Data, …someone gave us a new worry: Swine Flu. Markets around the … Continue reading
Keep one eye on stocks (now up 54 on the big board) as mortgage pricing sits on the other side of the teeter totter
Corporate earning woes continue on Wall Street today with Caterpillar cutting its total year projections in half and a number of regional banks; Market Street, Huntington, Northern Trust, and Regions providing less than stellar results. Treasury Secretary Geithner is on … Continue reading
Mortgage pricing today has been more about timing than anything
Meant to post yesterday: Today’s stock swoon, due to financial sector led selling, has given us a little boost this morning. Earlier today, Leading Economic Indicators fell .3% to 98.1, .1% worse than expectations. The board’s lagging indicator index fell … Continue reading
Mortgage pricing will worsen TODAY
Just a heads up as the 10 year note is off 30/32’s (yield 2.94%) and MBS off 10/32’s. Any close in futures 2:00 pm cst or cash 4:00 pm cst at current levels will not look pretty on the chart. … Continue reading
With monthly, weekly, and daily charts mixed, expectations are for this level to hold and return towards the middle of the range. This would improve mortgage pricing should it occur. Trouble is, correlations between chart work, cash trading, Fed manipulation, and policy maker mumbo jumbo are nonexistent. In other words, the best advice is to form a plan and execute or, give an hour or two, the opportunity may be gone.
Both the market and the weather are stormy in Austin. Both bonds and stocks are in the red. The only news of the day has been the Michigan Sentiment Survey, posting a gain of 4.6 points to 61.9. Current conditions … Continue reading
Just in the last hour, sellers have entered and without the Fed in the market buying, the bears are in control.
Sellers are leaning on the market, giving the fast money types little resistance since the Fed is not in today’s market. Weekly Unemployment Claims fell 44K to 610K, well below market estimates for a 655K print. Continuing Claims rose … Continue reading
We expect a good close (below 2.81%) and see the market as neutral/bullish near term, trading at current levels or a little better near the center of the range
Happy Tax Day! CPI, inflation at the consumer level, fell .1% while the core index was up .2%. Forecasters were looking for a plus .1% print on the headline number and a plus .1% number within the core sector. Falling … Continue reading
Great job by those borrowers who locked in your Austin mortgage rate yesterday. You caught the market at its best level in quite some time.
Says she had enough of me The opening words to a great song by George Strait, seems to be the way the market treats us mortgage bankers lately. After a ½ point rally late Tuesday and Wednesday, Thursday’s market has … Continue reading
Another sign of stabilization in a recessionary economy
Mortgage backed securities rallied in late afternoon trading yesterday, then proceeded to follow the trend higher (additional rally) early this morning. Applications for mortgages in the latest MBA survey, jumped 11.1% on the purchase index and 3.2% for refinances. Not … Continue reading