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economists

Home > Posts > Tag: economists

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 week ahead will be loaded with first tier data including everything from Construction Spending, Housing numbers, and the Employment Report for January

The lack of month end buying and rebounding stocks has pinched treasury and mortgage pricing this morning. 10 year notes are off 12/32’s (yield 3.65%), mortgage backs off 6/32’s, and stocks are up 85 on the big board. The week ahead will be loaded with first tier data including everything from Construction Spending, Housing numbers, and the Employment Report for January.

2010-02-01T13:20:52-06:00February 1, 2010|Austin Mortgage Market|

Bonds, notes, and mortgage backed securities are doing quite well given the plus 100 point gain on the big board

Bonds, notes, and mortgage backed securities are doing quite well given the plus 100 point gain on the big board. 10 year notes off 7/32’s (yield 3.70%) and MBS off 3/32’s tell the tale of the tape. Technically, a series of higher highs and higher lows are developing on the chart. This is typical of bullish price action and will help to limit the downside (selling).

2010-01-19T13:58:03-06:00January 19, 2010|Austin Mortgage Market|

33% of the sales were distressed units and 51% of the borrowers were first time home buyers. Just think where we’d be without the 8K program

The unemployment picture however, will not heal with growth below 3.0%. Existing Home Sales were also on tap, up 7.4% to 6.54 million units annualized. 33% of the sales were distressed units and 51% of the borrowers were first time home buyers. Just think where we’d be without the 8K program.

2009-12-22T17:15:50-06:00December 22, 2009|Austin Mortgage Market|