Austin Mortgage Market Update – For the week of February 6, 2012
Austin Mortgage Market Update - For the week of February 6, 2012 - "The Federal Reserve surprised the market last week by indicating that short-term rates were likely to stay at their current low levels until the end of 2014," according to the Mortgage Bankers Association chief economist. He added, "Longer-term Treasury rates dropped... and mortgage rates for the week were down slightly."