The economic environment for Austin mortgage rates was little changed this week. Weaker than expected economic data and continued low inflation supported low Austin mortgage rates, and investor demand for bonds remained high. As a result, Austin mortgage rates again ended the week a little lower.
Treasury Secretary Geithner is medium rare as the House Oversight Committee is grilling him on AIG. Undisclosed documents, backroom deals, maybe a cover up coordinated with Sir Bernanke, and the counter parties all paid off at par (by the taxpayers) are the hot topics.
Our view that risk is back in vogue, noting gold at record highs and stocks up 60%. Systemic risk/asset bubble risk is creeping back into the market as investors are forced into stocks and fixed income spread product. The Fed is on hold for at least another year and they (Fed) will need to see GDP growth of 4% to 5% before they will tap on the brakes (raise interest rates). We’d look for Austin mortgage rates to stay low well into 2010.
Corporate earning woes continue on Wall Street today with Caterpillar [...]
Weekly Unemployment Claims hit the tape plus 8K to 652K [...]
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Meant to post this yesterday.... Doom and gloom as grabbed [...]
Yesterday, Mortgage Backed Securities closed up 24/32s. Stocks had a [...]
Treasury Secretary Geithner announced his Financial Stability Program of 500 [...]
Markets are locked and loaded with the: Treasury Secretary Geithner’s [...]
