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FOMC meeting

Home > Posts > Tag: FOMC meeting

Post-FOMC meeting release

Post-FOMC meeting release: Market is quiet with the 10 year note slipping a little, now up 3/32’s to yield 3.37%. Mortgage backs are still at plus 1/32nd, holding their own. Stocks making a comeback with the Dow down 55 points and the Naz off 13. Markets are as nervous as cat so be careful out there.

2010-05-19T16:53:27-05:00May 19, 2010|Austin Mortgage Market|

Seems like a good day to take advantage of the best Austin mortgage pricing in quite some time

Technically, the stealth rally has taken us to major resistance, right at the low yield mark of 3.67%. A break and close below 3.67% is needed to confirm the upside move and project that further gains (lower yields better mortgage pricing) is in the cards. With most oscillators now neutral to bullish, the only fly in the ointment is growing overbought conditions on the chart. Seems like a good day to take advantage of the best Austin mortgage pricing in quite some time.

2010-04-27T15:51:42-05:00April 27, 2010|Austin Mortgage Market|

New Home Sales gains also smell of the last mad rush for 8K in buyers credit money before we put that program to bed the end of next week

New Home Sales were also released, up 26.9% to 411K annual units. The print blew away economists estimates of plus 330K. Every region of the country rebounded with the “South rising again”, up 43% month on month. Although the numbers were great, they are coming off the worst month (February) in 22 years. The gains also smell of the last mad rush for 8K in buyers credit money before we put that program to bed the end of next week.

2010-04-23T12:28:17-05:00April 23, 2010|Austin Mortgage Market|