austin mortgage rate

Austin Mortgage Market Update – For the week of December 13, 2010

There wasn't a ton of news impacting the housing market last week, but we did get more talk about the move up in Austin mortgage rates. Freddie Mac's weekly survey of conforming mortgages showed the average rate on a 30-year fixed-rate mortgage back at the level it was last June. That still puts Austin mortgage rates below where they were a year ago when everyone was happy to get in on those bargains. So none of this is bad news in the absolute sense but the trend should be noted. People who want to buy or refinance should not drag their feet!

December 13, 2010|Inside Lending 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|

No Austin mortgage rate change is expected but watch the FOMC policy statement closely

We also have the FOMC announcement today at 1:15 pm cst. No Austin mortgage rate change is expected but watch the FOMC policy statement closely. Hopefully, we will not get sideswiped. Want to get this out as the market is taking some heat. Mortgage backs now off 10/32’s so a price change is imminent.

April 28, 2010|Austin Mortgage Market|

This has been one of the more dramatic down drafts we’ve seen in some time, reminding us of just how powerful and heartless the market can be

As we head into the last half hour of trading, price action has been a one-way affair and looking to close at the worst levels of the day. Mortgage backs are now off over 1 point as the 10 year note trades a 3.85% yield (down 43/32’s). Just for good measure, the 30 year bond is off over 3 points. This has been one of the more dramatic down drafts we’ve seen in some time, reminding us of just how powerful and heartless the market can be.

March 25, 2010|Austin Mortgage Market|

From a pure chart play, we would advise locking in your Austin mortgage rate

From a pure chart play, we would advise locking in your Austin mortgage rate. Trouble with that advice is stocks and all the global heartburn can put the chart on its head. Tough one to handicap. Given the high profile jobs number tomorrow, it’s best to be a live dog than a dead lion when it comes to your Austin mortgage rate!

February 4, 2010|Austin Mortgage Market|

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