Purchase | Refi     512-710-1400

GET STARTED

APPLY NOW (CLICK HERE)

PREQUAL LETTER

LETTER REQUESTS (CLICK HERE)

stocks

Home > Posts > Tag: stocks

Just the thought of Quantitative Easing 2 has put a floor under Austin interest rates

Just the thought of Quantitative Easing 2 has put a floor under Austin interest rates. Why many expect the Fed to move in that direction (November meeting), nothing has yet to happen. Fed Chief Bernanke is leading the QE2 charge, talking about “additional purchases” and how it was an “effective program” earlier in the year.

2010-10-05T14:01:42-05:00October 5, 2010|Austin Mortgage Market|

Austin Mortgage Market Update – For the week of September 27, 2010

As promised, last week's reports gave us a complete picture of the housing market in August. Housing Starts rose 10.5% month-over-month to a 598,000 annual rate, well ahead of the expected 550,000 number. Building Permits, which reflect builder sentiment further out, grew a more modest 1.8% month-over-month to a slightly smaller 569,000 annual rate. Thursday, Existing Home Sales came in UP 7.6% over July, at a 4.13 million annual rate. But let's remember, July was a record low, so this gain still left sales down 19% from August a year ago. The median price for Existing Homes, however, ticked up 0.8% year-over-year, as reported by the National Association of Realtors.

2010-09-27T10:27:34-05:00September 27, 2010|Inside Lending Newsletter|

Stocks aren’t the problem as the big board just closed off 22 points for the session

Just a quick note as the market is fading into the sunset. Stocks aren’t the problem as the big board just closed off 22 points for the session. We see this as a rejection from the overhead resistance that we’ve been bumping into given the rally of the past two days. Nothing huge here. Just a little profit taking after a nice run.

2010-09-22T17:35:23-05:00September 22, 2010|Austin Mortgage Market|