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February 4, 2011|Dallas Mortgage Resources|

Austin mortgage rates ended the week nearly unchanged from last week

There were few surprises from the economic news released this week. The U.S. economic data generally was very close to the consensus forecasts, and activity levels were low during the holiday season. While daily volatility remained high, Austin mortgage rates ended the week nearly unchanged from last week.

December 23, 2010|MBS Quoteline Newsletter|

Austin Mortgage Market Update – For the week of December 20, 2010

Last Thursday it was good to see that Housing Starts picked up for November, rising 3.9% for the month to an annual rate of 555,000 units. This beat expectations and was especially gratifying because all the gain came from a 6.9% increase in single-family starts. These have now been up three out of the last four months.

December 20, 2010|Inside Lending Newsletter|

Austin Mortgage Market Update – For the week of July 26, 2010

Tuesday, June Housing Starts came in down 5.0% from May to a 549,000 annual rate. This was below expectations, but still up 15.1% from the low they hit in April 2009. Most of the drop came from volatile multi-family starts. Single-family starts were down a mere 0.7%. Most significantly, housing completions shot up 26.2% in June, the biggest monthly gain going back to the late 1960's. Builders clearly shifted focus from starting to finishing, as they pushed to close sales qualifying for the homebuyer tax credit. Finally, Building Permits were UP 2.1% for June, beating expectations, so things are looking up for the months ahead.

July 26, 2010|Inside Lending Newsletter|

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