Category Archives: Austin Mortgage Market

Austin mortgage blog updated every business day! Read Austin mortgage updates, including Austin mortgage news and information about Austin mortgage pricing, stocks, bonds, and the U.S. economy. Austin Mortgage Blog also covers the latest Austin mortgage and real estate topics.

Spyglass Realty broker, Ryan Rodenbeck interviews Max Leaman with Prime Lending. Max is the number one volume producer of Austin real estate loans. In this interview, we go over the factors that contribute to rising and falling interest rates, the difference in a condo loan vs a house loan, how jumbo loans are structured and renovation loans are structured. Continue reading

Texas Mortgage Market Update – For the week of May 7, 2012

Texas Mortgage Market Update – For the week of May 7, 2012 – Happily, it’s becoming easier to believe the housing market is turning around, although in fits and starts. For example, the Q1 Advanced GDP report showed that home building increased for the period at a 19% annual rate, its fourth consecutive quarterly gain. In line with this, several home builders have recently reported higher sales and orders. The National Association of Realtors (NAR) projects new home sales UP 31.6% for 2012. Continue reading

Tips for Getting Started in Real Estate Investing

Tips for Getting Started in Real Estate Investing – Austin – New to the world of real estate investing? You’ll be amazed at how much there is to learn. Start with these absolute fundamentals and try to grow from here. Invest, Don’t Just Gather, Your Name Is Your Bond, Know Your Loans, Be Prompt, But Thorough, and The Seven-Digit Stretch. Continue reading

Austin Mortgage Market Update – For the week of April 4, 2011

Patience has certainly been needed to weather the ups and downs of the current U.S. housing market. But as we await strong recovery, we can take heart in positive signs when they show up. Last week we had the report that Pending Home Sales were up 2.1% in February. This measure of contracts on existing homes indicates sales should rebound in March following February’s drop. Continue reading

Austin Mortgage Market Update – For the week of March 21, 2011

Well, journalists had plenty of their kind of news to write about with last week’s housing reports. The bad stuff began with February Housing Starts dropping 22.5% to a level close to the April 2009 low, which was the lowest on record. Most of the drop was from multi-family starts, which are volatile on a monthly basis. Single-family starts were down 11.8%. New Building Permits fell 8.2% for February. This gauges activity a few months out, indicating starts in the Spring ought to be up a bit from now. Continue reading

Austin Mortgage Market Update – For the week of March 7, 2011

We should be especially careful to not erect barriers to our progress just because of a minor setback, like the one we had with last week’s Pending Home Sales. The National Association of Realtors (NAR) index of signed contracts on existing homes slipped in January for the second month in a row. But the drop wasn’t as bad as expected and, as the NAR’s chief economist said: “We should not expect the recovery to be in a straight upward path–it will zig-zag at times.” Continue reading

How President Obama’s State of the Union Address will Impact Economy and Mortgage Markets

The focus this week will be directed at President Obama’s State of the Union Address on Tuesday, the first FOMC meeting of 2011 on Wednesday, and the first release of fourth quarter GDP results on Friday. Continue reading

Where do we begin on this first trading day of the new year? How about at the beginning. Before we can do that, let’s review 2010

So what’s ahead in 2011? No one knows for sure. We do know that treasury and mortgage pricing will be looking for clues. Clues as to whether or not the economy is really expanding or needs more time to clear the mine fields. Continue reading

We feel that near term price action will focus on further downside (higher Austin mortgage rates/worse pricing) as we have yet to find a bottom

We feel that near term price action will focus on further downside (higher Austin mortgage rates/worse pricing) as we have yet to find a bottom. If there is a ray of hope, it will be that the 10 year note can hold at or below 2.95% (currently 2.93%). Best bet for Texas mortgage borrowers is to stay defensive. Before the market picks your pocket, lock your mortgage loans with the float down option (“option to lower your interest rate one time”)! Continue reading

Market is Slipping Again; Best bet for Austin mortgage borrowers is to use the float down option

Given the economic backdrop (high unemployment, etc.) we feel this move is close to a bottom. Trouble is, picking bottoms are like catching falling knifes, hard to do without some pain. Best bet for Austin mortgage borrowers is to use the float down option (“option to lower your interest rate one time”) to guard against a reversal (rally). Continue reading