2010 | Texas Mortgage - Texas Mortgage Rates - Leaman Team

Austin Mortgage Market Update – For the week of November 1, 2010

Last week's big rush of housing news began on Monday with Existing Home Sales for September UP 10% from the month before. The annual rate hit 4.53 million. This was the second straight monthly gain after July's record low following the expiration of the tax credits. The national median price for existing homes is now at $171,700, down 2.4% from a year ago. Unsold inventory dropped 1.9% from the prior month to a 10.7 months' supply.

November 1, 2010|Inside Lending Newsletter|

Signs of strong demand for 7 year notes

Demand was very good as 50% of the issue was taken by Indirect Bidders. Bid to cover ratios came in at 3.06 to 1. Both of those measures were above average. The issue was also “bid through the screen”, meaning that some got shut out even if they had at the money bids in. That is a sign of strong demand.

October 28, 2010|Austin Mortgage Market|

Austin mortgage borrowers are advised to take advantage of rate improvement we see as the skies have yet to clear

With the elections and the Fed meeting next week to hopefully clarify QE2, things could get wild. We also have the Employment report for October a week from tomorrow. Austin mortgage borrowers are advised to take advantage of any rate improvement we see as the skies have yet to clear.

October 28, 2010|Austin Mortgage Market|

Twelve keys to exceptional email campaigns

Twelve keys to exceptional email campaigns: 1. Get permission. 2. Keep the frequency reasonable. 3. Respect people's privacy. 4. Design for deliverability. 5. Check to see that it's all getting through. 6. Test. 7. Define your value proposition. 8. Segment your list. 9. Personalize if you can. 10. Get mobile, get social. 11. Survey your readers. 12. Stand out from the crowd.

October 27, 2010|Business Tools|

Sellers are in control of the market with additional downside (higher yield/worsening Austin mortgage pricing ) a high probability

Sellers are in control of the market with additional downside (higher yield/worsening Austin mortgage pricing ) a high probability.

October 27, 2010|Austin Mortgage Market|

Caution is advised to Austin mortgage borrowers!

Overall, we do not see that the fundamental economic picture has changes much at all. Technically, we are in an intermediate term bear market correction. One that could push the market to yields on the 10 year of 2.75%/2.78% (currently 2.70%). If correct, we should see good support from the 62% Fibonacci level (comes in around 2.75%).

October 27, 2010|Austin Mortgage Market|

Austin Mortgage Market Update – For the week of October 25, 2010

Last week saw September Housing Starts UP 0.3% to an annual rate of 610,000 units, well ahead of the expected 580,000 unit pace. Even better, starts are UP 4.1% over a year ago. Interestingly, the September gain was totally driven by a healthy 4.4% rise in single family starts, while multi-family starts dropped 9.7%. But multi-family starts are volatile month to month, and are actually up 100.0% compared to a year ago, while single family starts are off 10.8% during the same time frame.

October 25, 2010|Inside Lending Newsletter|

About QE2 – interesting how much it will cost the tax payers to keep the doors open at Fannie/Freddie

About QE2 - interesting how much it will cost the tax payers to keep the doors open at Fannie/Freddie. I’ll try to make some sense of it all this afternoon.

October 22, 2010|Austin Mortgage Market|

Austin Mortgage Rates Improve Modestly

Uncertainty about an expected new Fed stimulus program created a lot of movement in Austin mortgage rates during the week. Fed officials offered few details about the program, though. In the end, despite the volatility, the result was just a small decline in Austin mortgage rates for the week.

October 22, 2010|MBS Quoteline Newsletter|

Austin mortgage borrowers are advised to be defensive

Austin mortgage borrowers are advised to be defensive. Stocks will be the key. If they slip, we’ll do better. Overall, QE2 will keep a floor under the market. Just the same, we’ll need to deal with the volatility.

October 21, 2010|Austin Mortgage Market|