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2 year note auction

Home > Posts > Tag: 2 year note auction

We expect Austin mortgage rates to stay low into the foreseeable future with current levels being the top of the range (best levels we could see)

This market is hard to handicap. On one hand, Europe will not get out of the dog house anytime soon. On the other hand, our economy is stable, maybe not growing very fast but stable. We expect Austin mortgage rates to stay low into the foreseeable future with current levels being the top of the range (best levels we could see).

2010-05-25T13:22:15-05:00May 25, 2010|Austin Mortgage Market|

Although the home price numbers are good, uncertainty with the 8K stimulus plan and continued high unemployment will need to be monitored

Hey what do you know, a little green on the screen! Case Shiller Home Price Index painted the screen with an improvement of 1.2% while the year on year figure was down 11.3%. The number were a bit better than consensus, showing signs of stability creeping back into the housing market. 17 of the 20 market surveyed showed positive price improvement with Charlotte, Las Vegas, and Cleveland the only decliners. Although the numbers are good, uncertainty with the 8K stimulus plan and continued high unemployment will need to be monitored.

2009-10-28T10:09:52-05:00October 28, 2009|Austin Mortgage Market|