Worsening Austin mortgage rates are a NY minute away
Wanted to let this fly as current level mortgage pricing is now off 8/32’s as stocks continue to improve. Worsening Austin mortgage rates are a NY minute away.
Wanted to let this fly as current level mortgage pricing is now off 8/32’s as stocks continue to improve. Worsening Austin mortgage rates are a NY minute away.
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.
The market has stabilized and buyers are stepping in. Street talk is that the Fed will have to step on the gas, keeping Austin mortgage rates low for an extended period of time “no matter what it takes.”
The quick trade was to sell bonds, notes and MBS. We have since came off the sell side, to flatten out and recover. Keep your guard up, Austin mortgage borrowers - the volatility is huge.
Austin mortgage rates were better this morning and the 10 year is up 10/32s for the day. FOMC statement will be released at 1:15PM Central, and we will follow up with more news afterward.
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Fannie Mae released a housing survey showing 70% of those polled in June and July feel now is a good time to buy a home. This is up from a 64% reading in January. At the same time, 83% of those people surveyed think it's a bad time to sell, which isn't such a terrible thing, since there's still plenty of inventory for buyers to choose from.
After falling for several weeks, stronger than expected economic data caused Austin mortgage rates to turn a little higher late this week. Upside surprises in important labor market, housing, and manufacturing reports were negative for the Austin mortgage market and positive for stocks.
This is a time for Austin mortgage borrowers to be careful. Take advantage of any rally the market gives you and get on the bus before it leaves the station.
Best bet for Austin mortgage borrowers is to lock in their interest rate. It just makes cents (and dollars too). Expect the day to be one of “squaring up” for traders in both bonds and stocks, with not much movement seen from current levels.