Best bet for Austin mortgage borrowers is to lock in their interest rate. It just makes cents (and dollars too). Expect the day to be one of “squaring up” for traders in both bonds and stocks, with not much movement seen from current levels.
With stochastics and moving average crosses, odds are good we’ll push to lower yields and better Austin mortgage pricing
With stochastics and moving average crosses, odds are good we’ll push to lower yields and better Austin mortgage pricing. Improving economic conditions being trumped by a country one fifth the size of Texas. Go figure.
Euro-zone/IMF approved 110 billion in aid to bail out Greece – rally-maker for stocks & pressured bonds, notes, and mortgage backs
The Euro-zone/IMF approved 110 billion in aid to bail out Greece. Germany’s cabinet approved the draft, allowing them to contribute to the fund as well. The weekend news has been a rally maker for stocks and at the same time, pressured bonds, notes and mortgage backs right out of the gate.
From a pure chart play, we would advise locking in your Austin mortgage rate. Trouble with that advice is stocks and all the global heartburn can put the chart on its head. Tough one to handicap. Given the high profile jobs number tomorrow, it’s best to be a live dog than a dead lion when it comes to your Austin mortgage rate!
While daily volatility was high this week, Austin mortgage rates ended just slightly lower than last week. The primary factors influencing Austin mortgage rates were offsetting. The economic growth data released this week was stronger than expected, but inflation remained low. While the first two Treasury auctions produced impressive results, the final one was relatively weak.
With Austin mortgage rates possibly improving, this is a good time for borrowers to get off the fence
With Austin mortgage rates possibly improving, this is a good time for borrowers to get off the fence. Not that we’re bearish, just cautious of a market going into the Employment report at such lofty, overbought levels.
Earlier today, Consumer Income hit the skids, falling 1.3% while Spending rose .4%. The Income component was the largest monthly decline since January 2005. Pure and simple, it reflects declining wage and salary disbursements.
From our technical view, the chart looks more like “crack the whip” than any type of symmetrical trading. Last Friday caught a bid from month end buying (portfolio extension needs), Monday gave it all back as stocks traded and closed above 1000 on the S & P chart, and today’s rally has been derailed by Pending Home Sales.
Expecting 1% to 1 ½% growth could be in vogue for years. What this means for our mortgage industry is a period of low rates well into the future.
Just like a blind squirrel finding a nut every once [...]
Stocks look terrible but are trading at 12 year lows, which have a tendency to reverse trends (3 time in prior history), this maybe the time to nibble
March 5, 2009 Stocks have continued to be bullied around, [...]
Stocks and all major indices relating to the equity market are trading at 12 year lows, hurting your 201K but helping our mortgage pricing
Stocks and all major indices relating to the equity market [...]