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CPI inflation

Low Inflation Benefits Mortgage Markets

This week's economic data and comments from Fed officials painted a picture of a gradually improving economy with very low inflation. March Core CPI inflation rose at a tame 1.1% annual rate. This economic environment is favorable for bond markets, and Austin mortgage rates ended the week a little lower.

April 16, 2010|MBS Quoteline Newsletter|

Austin Mortgage Market Update – For the week of February 22, 2010

Builders are jumping on the recovery bandwagon, as January Housing Starts beat consensus estimates, heading UP 2.8% to an annual rate of 591,000 units. Single-family starts are now 35.6% up from their low a year ago. Total new building permits dropped a tad in January, but single-family permits were up 0.4% for the month and UP 48.2% from a year ago.

February 22, 2010|Inside Lending Newsletter|