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Consumer Confidence

Home > Posts > Tag: Consumer Confidence

Short term, Austin mortgage borrowers are encouragerd to stay defensive

Short term, Austin mortgage borrowers are encouragerd to stay defensive. Fast money is selling the long end of the curve, dragging the 10 year note along with it. Not a lot of downside is expected from here. The week ahead will feature Case Shiller Home Prices, Consumer Confidence, Durable Goods, Weekly Claims, and GDP on Friday.

2010-07-26T12:05:12-05:00July 26, 2010|Austin Mortgage Market|

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|

In a nutshell, borrowers need to be wary of waiting to lock in this market

In a nutshell, borrowers need to be wary of waiting to lock in this market. The potential for worsening Austin mortgage prices is high as our work projects 4.0% on the 10 year before we see 3.75% (currently 3.88%). If there is a White Knight, it could come via an Employment Report (7:30 am cst Friday) that is well below expectations, say flat to negative.

2010-03-30T11:57:46-05:00March 30, 2010|Austin Mortgage Market|

Although the market has done better today, the reflex rally has yet to do anything impressive

Although the market has done better today, the reflex rally has yet to do anything impressive. Typically this leads to a neutral, inside day with the pattern not strong enough to overtake the bearish sentiment of the past two days. Usually, this type of short term bottom leads to a period of stalls and allows the moving averages to “catch up” to the market. We expect that with month end buying, the market could make a run for 3.83% yield on the 10 year note (currently at 3.86%) before rolling over and retesting the bottom ( heading back to 3.93%).

2010-03-26T12:56:56-05:00March 26, 2010|Austin Mortgage Market|