Monthly Archives: August 2010

Austin Continues to Lead Country Out of the Recession

August 31, 2010

Commercial real estate within the Austin metro statistical area is growing rapidly and has taken the top position in three out of six of the categories included in the Equity REITS/Commercial Real Estate MSA Tracker during the second quarter of 2010. Continue reading →

There will come a day, one when a report comes out of the blue with good economic news. That will be when the market turns. That day is not today

August 31, 2010

With yields at or approaching historic yields, Austin mortgage borrowers are advised to lock their interest rates with our float down feature. Doing so has treated Austin mortgage borrowers very well the past few months. Continue reading →

Austin Mortgage Market Update – For the week of August 30, 2010

August 30, 2010

The Mortgage Bankers Association’s weekly survey showed purchase loan applications UP 1% from the week before, refinance applications UP 6%, and Austin mortgage rates at record low levels Continue reading →

For today, when stocks go tick, bonds go tock

August 27, 2010

For today, when stocks go tick, bonds go tock. Dangerous price action so be careful Austin mortgage borrowers! As we speak, the 10 year note is off 40/32’s and 30 year bond down nearly 3 points. Continue reading →

Use the live dog instead of the dead lion school of deciding when to lock in your Austin mortgage rate

August 27, 2010

We see this as an early warning sign that risk reward is not in your favor, Austin mortgage borrowers. Overall sentiment and economic fundamentals will continue to support a low interest rate environment but not without corrections and volatile conditions. Continue reading →

Weak Economic Data Supports Lower Austin Mortgage Rates

August 27, 2010

Generally weaker than expected economic data again pushed Austin mortgage rates to new lows this week. The current Fed outlook is for below average economic growth with low inflation, which is a favorable environment for low Austin mortgage rates. Continue reading →

With the GDP release tomorrow, Austin mortgage borrowers are advised to lock their interest rates with the float down in preparation for a stress-free weekend

August 26, 2010

With the GDP release tomorrow, Austin mortgage borrowers are advised to lock their interest rates with the float down in preparation for a stress-free weekend. The treasury market has reacted favorably, but the MBS spreads are working against us… meaning that MBS pricing has not kept the pace with Treasuries. Continue reading →

10 Money Moves That Will Always Pay Off

August 26, 2010

Few things in life are guaranteed. When it comes to money, even fewer. But these are nervous times. The stock market is swaying like a drunk debutante. The economy is wobbly. Who can trust anything any more? Most people are hard-pressed, nervous and unsure of what to do. Continue reading →

Just a heads up as both the 10 year note and mortgage backs are negative on the day

August 25, 2010

Austin mortgage borrowers are advised to play defensive. Both the 10 year note and mortgage backs are negative on the day Continue reading →

Austin mortgage borrowers are advised to lock their Austin mortgage rates and get out of the way as the risk reward is not in your favor

August 25, 2010

Not advocating a new trend change to higher Austin mortgage rates, just a hold-steady type of market. When this kind of environment is at hand, Austin mortgage borrowers are advised to lock their Austin mortgage rates and get out of the way as the risk reward is not in your favor. Continue reading →