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Existing Home Sales hit the tape down 16.7% to 5.45 million units, the largest decline since 1968

Existing Home Sales hit the tape down 16.7% to 5.45 million units, the largest decline since 1968. Economists were looking for a much better number. While sales declined in every region, inventories came down a bit, a good sign that “maybe” we can work through glut even if government support dwindles.

2010-01-25T16:56:11-06:00January 25, 2010|Austin Mortgage Market|

Expectations for worsening Austin mortgage pricing is quite high so take cover

The failure of the market to hold yesterday’s gains suggest we are building on a bearish continuation pattern. English translation is one of caution, telling us it’s time to be defensive. We expect the new range on the 10 year to be 3.34% to 3.48%. Expectations for worsening Austin mortgage pricing is quite high so take cover.

2009-10-14T20:16:22-05:00October 14, 2009|Austin Mortgage Market|