mortgage pricing

The week ahead will be loaded with first tier data including everything from Construction Spending, Housing numbers, and the Employment Report for January

The lack of month end buying and rebounding stocks has pinched treasury and mortgage pricing this morning. 10 year notes are off 12/32’s (yield 3.65%), mortgage backs off 6/32’s, and stocks are up 85 on the big board. The week ahead will be loaded with first tier data including everything from Construction Spending, Housing numbers, and the Employment Report for January.

February 1, 2010|Austin Mortgage Market|

China slowing its economy, Greece going broke, and political policy uneasiness in Washington DC are all giving the stock market a continuing headache

Concerns over stock price valuations continues to support our market as well. China slowing its economy, Greece going broke, and political policy uneasiness in Washington DC are all giving the stock market a continuing headache.

January 29, 2010|Austin Mortgage Market|

With 15 minutes to go in cash Treasury/MBS trading, the market is going out on the lows (highest yields/worst mortgage pricing) of the day

With 15 minutes to go in cash Treasury/MBS trading, the market is going out on the lows (highest yields/worst mortgage pricing) of the day. Fed Governor Hoenig’s dissent looks to us like an interest rate protest or maybe it’s the first vote/trial balloon.

January 27, 2010|Austin Mortgage Market|

Daily oscillators are still posting positive readings and holding above midrange levels – all good things for those that want lower mortgages/better pricing

On the bright side, daily oscillators are still posting positive readings and holding above midrange levels. All good things for those that want lower mortgages/better pricing.

January 26, 2010|Austin Mortgage Market|

What is catching trader’s eyes this morning is China and their latest release of GDP

What is catching trader’s eyes this morning is China and their latest release of GDP. The plus 10.7% has the Dragon breathing fire and Wall Street worried about overheating.

January 21, 2010|Austin Mortgage Market|

Factors good for mortgage pricing and bad for your 401K

Bill Gross, Pimco’s bond god, said the decisions were based on their view of the dollar’s direction (negative) and increased government debt. All of the above has been good for mortgage pricing and bad for your 401K.

January 20, 2010|Austin Mortgage Market|

Interest Rate Forecasting Has Been Tough to Handicap – If You Like IT, Lock It

Keep in mind that interest rate forecasting has been tough to handicap, giving us hope for a day only to turn into a one hit wonder. Same rules apply with such a volatile environment; if you like it, lock it. We’ll try to wrap this up later today.

January 15, 2010|Austin Mortgage Market|

From our view, employment is still our economic priority and not going anywhere fast

The market was looking for a better number, given high hopes of a better holiday season. We see the negative December reading as unsettling, reflecting a consumer that has started to spend but at a snail’s pace.

January 14, 2010|Austin Mortgage Market|

Nice day for note futures and mortgage pricing

Nice day for note futures and mortgage pricing. That of course is if you are a bond bull. Short covering on better than average volume ruled the day with many large sized players buying cash and futures (treasuries).

January 12, 2010|Austin Mortgage Market|

Concerns over the deficit and debt levels in Greece are once again in play, forcing European markets lower and then spilling over to stateside equity markets

The news rallied European bonds and has given a lift to treasuries and MBS, pushing the 10 year note above the 21 day moving average. If we can hold these levels, the chart will turn to neutral from bearish and should work its way into better mortgage pricing.

January 12, 2010|Austin Mortgage Market|

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