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bearish trend

Home > Posts > Tag: bearish trend

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")!

2010-11-18T13:01:10-06:00November 18, 2010|Austin Mortgage Market|

That scenario has a high probability (in our opinion) and brings with it lower Austin mortgage rates

Given the Fed’s exit from MBS purchases, their steering of quantitative easing ala Austin mortgage rates hike sooner than later, and a fragile housing market that must be content will mean more inventory and less stimulus, a case for the double dip can certainly be made. That scenario has a high probability (in our opinion) and brings with it lower Austin mortgage rates.

2010-03-30T09:27:50-05:00March 30, 2010|Austin Mortgage Market|

The market was doing just fine until the headlines broke the minutes of last month’s FOMC meeting (Fed Open Market Committee)

The market was doing just fine until the headlines broke the minutes of last month’s FOMC meeting (Fed Open Market Committee). The “Street” didn’t take kindly to comments regarding treasury asset sales, consideration of a .25 bps hike in the Discount Rate, and a general hawkish tone once they can determine that a recovery is “self sustaining”.

2010-02-17T16:50:07-06:00February 17, 2010|Austin Mortgage Market|

The consensus among analysts seems to be for another 10% decline in home prices in 2010, making a new bottom

The S&P / Case Shiller home price index fell in October after five straight monthly increases. While the decline was barely measurable, it serves as a reminder that the bounce back in real estate prices is not likely to occur as quickly as the three-year decline. The consensus among analysts seems to be for another 10% decline in home prices in 2010, making a new bottom.

2009-12-30T13:20:28-06:00December 30, 2009|Austin Mortgage Market|

While a number of Fed Governors are pounding the rate rising drum, the policy statement continues to favor low rate, easy money well into 2010

While a number of Fed Governors are pounding the rate rising drum, the policy statement continues to favor low rate, easy money well into 2010. What they would like to do is communicate an upcoming transition period. One that would produce a soft landing instead of going cold turkey. With their focus on employment and inflation, it would seem that rates will remain low until the unemployment picture stabilizes and then starts to improve.

2009-10-24T05:04:19-05:00October 24, 2009|Austin Mortgage Market|