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Home > Posts > Tag: Factory Orders

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

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!

2010-02-04T16:03:51-06:00February 4, 2010|Austin Mortgage Market|

Record Auctions Produce Mixed Results

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.

2009-10-30T15:57:24-05:00October 30, 2009|MBS Quoteline Newsletter|

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.

2009-08-04T18:33:56-05:00August 4, 2009|Austin Mortgage Market|