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Home > Posts > Tag: GDP

Short term, Austin mortgage borrowers are encouragerd to stay defensive

Short term, Austin mortgage borrowers are encouragerd to stay defensive. Fast money is selling the long end of the curve, dragging the 10 year note along with it. Not a lot of downside is expected from here. The week ahead will feature Case Shiller Home Prices, Consumer Confidence, Durable Goods, Weekly Claims, and GDP on Friday.

2010-07-26T12:05:12-05:00July 26, 2010|Austin Mortgage Market|

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.

2010-02-22T09:01:25-06:00February 22, 2010|Inside Lending Newsletter|

Expectations for worsening Austin mortgage pricing is quite high so take cover

The failure of the market to hold yesterday’s gains suggest we are building on a bearish continuation pattern. English translation is one of caution, telling us it’s time to be defensive. We expect the new range on the 10 year to be 3.34% to 3.48%. Expectations for worsening Austin mortgage pricing is quite high so take cover.

2009-10-14T20:16:22-05:00October 14, 2009|Austin Mortgage Market|

Austin Mortgage Market Update – For the week of October 5, 2009

Another good week for the housing market. The S&P/Case Shiller home price index was up for the third month in a row and the rate of annual decline fell for the sixth month in a row! Price increases were reported in 18 of 20 metro areas measured. Many now feel this data indicates the worst of the price declines are behind us. David M. Blitzer, chairman of the index committee at Standard & Poor's, said: "These figures continue to support an indication of stabilization in national real estate values."

2009-10-05T15:31:00-05:00October 5, 2009|Inside Lending Newsletter|