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low mortgage rates

Home > Posts > Tag: low mortgage rates

Gold has made a new high, trading above $1100.00, commodities on the rise, and the dollar down against almost every major currency in the world

No news but a lot of action as the new week begins. Gold has made a new high, trading above $1100.00, commodities on the rise, and the dollar down against almost every major currency in the world. Oil has rebounded, trading at $79.50 (up over $2.00), as the approach of Hurricane Ida has traders on edge. Stocks got a lift from Europe and Asia with the Dow currently up 130 points. Bonds, notes, and MBS continue to hold up well despite 101 billion in supply coming this week.

2009-11-09T13:38:22-06:00November 9, 2009|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|