commodities

Austin mortgage borrowers: best to take a conservative approach given the amount of volatility we expect

Austin mortgage borrowers: best to take a conservative approach given the amount of volatility we expect.

October 14, 2010|Austin Mortgage Market|

If the Fed steps in too quickly to raise rates, we could see a repeat of what happened in 1937 when the Roosevelt administration prematurely bumps rates

What needs to happen to solidify a recovery is an expansion or long term investment, consumer spending, and lowering the unemployment rate. If not, we could see another economic dip. If the Fed steps in too quickly to raise rates, given my last statement, we could see a repeat of what happened in 1937 when the Roosevelt administration prematurely bumps rates.

January 4, 2010|Austin Mortgage Market|

Since stocks are the game today, let’s talk the equities and your 401K

Since stocks are the game today, let’s talk the equities and your 401K. 10% plus unemployment and a weak U.S. dollar are ok short term but stock bearish in the long run. With this in mind, we still have the Fed and it’s never ending easy money program, very low inflation, and market risk that will support the bond/MBS market well into 2010. Blue chip, high quality companies are the only way to go in today’s stock market. As for mortgage pricing, it’s “steady as she goes ” into the new year.

November 11, 2009|Austin Mortgage Market|

In a nut shell, what we have here is too much money chasing too few assets that are worth owning

Weak dollar, higher oil, new high in gold, stocks near unchanged, and bonds doing a little better. We’re feeling a bit like Bill Murray in “Groundhog Day”. Same trade just a new day. One memorable line from the movie; (Phil) Do you know what today is? (Rita) No, what? (Phil) Today is tomorrow. It happened. In a nut shell, what we have here is too much money chasing too few assets that are worth owning. Throw in a mixed bag of economic data and a seasonal supportive 4th quarter (for fixed income), it’s hard to see much of a change in Austin mortgage rates into year end.