Real Estate News & Tips for Central Texas
Mortgage Rates Gently Lower to Begin New Week
Apart from July 1st, mortgage rates have fallen every day so far this month. The counterpoint is that only adds up to 4 business days so far. The other counterpoint is that the improvements have been fairly modest over the past two days with the average borrower still likely to be quoted
Mortgage Rates End Week Lower Thanks to Jobs Report
The average top tier 30yr fixed rate may not be back under 7% just yet, but as of Friday, it is back below the levels seen last Friday. That fact is at odds with major weekly rate surveys which showed a somewhat significant increase, but those surveys came out before today's jobs report. Offic
Mortgage Rates Move Lower After Weak Service Sector Report
"Data dependent" is one of the most common phrases heard from the Federal Reserve these days when it comes to rate-setting policy. And while the Fed doesn't directly dictate mortgage rates, the bond market tends to trade the same data that the Fed cares about. Today's key report, the ISM Servi
Mortgage Rates Finally Find a Ceiling, For Now
As is often the case with internet headlines these days, the headline overstates the reality on the ground--or at least over-dramatizes it. Considering the last notable "ceiling" was seen less than a month ago and that the last short term ceiling, less than a week ago, the word "finally" proba
Mortgage Rates Near Highest Levels in More Than a Month
Mortgage rates continued their frustrating and somewhat perplexing move higher today, thus bringing the average lender close to the highest levels since the end of May. Rising rates are always frustrating for those the housing/mortgage markets and prospective borrowers, but an ebb and flow is
Mortgage Rates Steady to Slightly Lower
Mortgage rates rose at the fastest pace in 2 weeks yesterday, but that wasn't a very tall order considering an almost perfect absence of movement leading up to that. Now today, a good amount of that small amount of damage has been undone. Bonds responded favorably to this morning's economic da
Mortgage Rates Moving Up a Bit
After operating in an exceptionally narrow range since the beginning of last week, mortgage rates finally started doing something a bit different today. Unfortunately, the differences result in a more noticeably move higher. Rates often respond to major economic data and other important develo
The Miraculously Sideways Streak Continues
Mortgage rates have been flatter than the earth according to the flat earth society. Much like the actual earth in many areas in the middle of the country--and especially Florida--things can be flat for as far as the eye can see, but the farther one moves along, the more they'll see the contou
Mortgage Rates Remain Exceptionally Flat for 4th Straight Day
Most mortgage lenders offer mortgage rates in increments of 0.125% (i.e. 6.875, 7.0, 7.125, 7.25, etc.). As such, a particularly notable day of mortgage rate movement is one in which we see close to a 0.125% change. After all, that's what it would take for the average borrower to see a s