Auction Results Push Austin Mortgage Rates Lower
Mortgage investors were more focused on this week's Treasury auctions [...]
TDHCA 90-Day DPA: $8,000 First-Time Homebuyer Tax Credit for Down-Payment and Closing Costs
Program Overview In an effort to monetize the $8,000 tax [...]
Results are what traders call a “bow wow” (dog) showing little demand for that yield and duration
The 5 year note auction (39 billion) just hit the [...]
Changes in Government Guidelines May Affect Your Closing Dates
HERA At-A-Glance What happened? Going into effect on July 30, [...]
FAQ – Housing Economic Recovery Act (HERA) and Home Valuation Code of Conduct (HVCC)
1. Does the new legislation change home loan applications taken [...]
Volatile mortgage price action as stocks are off 52 points on the big board and bonds trade like a Six Flags ride
Bonds, notes and mortgage backs had a nice start to [...]
We see the selling as shallow into the later part of the week and then a rebound/rally to deliver better mortgage pricing as we close the book on July
Both stocks and bonds opened on the weak side this [...]
With stocks in control, the balance of the week could see continued pressure (on mortgage rates) unless someone of substance “misses” on earnings
Stocks are on fire, closing up 256 points on the [...]
In our opinion, this is a true reflection of the economy. One that has manufacturing falling hard and fast, coupled with increasing unemployment.
The winds of change have once again blown through the [...]
Our longer term view is still the same, low interest rates into yearend as the consumer continues to dig in their heels and look for work
The selling which entered the market late yesterday has carried [...]