Real Estate News & Tips for Central Texas
Mortgage Rates Are Actually Higher This Week
It was largely a dull week for financial markets in terms of scheduled data and volatility, but numerous Fed speeches helped reiterate what the market thought it already knew. Specifically, whereas there was widespread belief in several rate cuts in 2024, the market now only expects 1.&nb
Mortgage Rates Jump to 2-Week Highs After Hotter Economic Data
For the most part, the current week is sorely lacking in the sort of scheduled economic data and events that typically contribute to exciting movement in the interest rate world. This morning's report on the services sector offered one of the only potential exceptions. For those looking
Mortgage Rates Feeling Uninspired as The Market Waits For Bigger News
It was another slow day for the mortgage market and one that joins a list of several other relatively inconsequential days in the past few weeks. This is a byproduct of the bond market (bonds dictate rate movement) being tuned in to only a few key economic reports and events. When these
Mortgage Rates Stabilize After 3 Day Losing Streak
Referring to the past 3 business days as a "losing streak" for mortgage rates may be a bit harsh. During that time, the average top tier 30yr fixed rate rose less than an eighth of a percent--the smallest increment typically separating one rate from the next. This also meant they remaine
Mortgage Rates Close Enough to Unchanged Over The Weekend
Mortgage rates moved modestly higher on the two days at the end of last week. This put an end to a decent winning streak that had been in place since the beginning of the month, but it stopped well short of undoing much of the progress. Technically, today's average mortgage rates are hig
Mortgage Rates Continue Higher For 2nd Straight Day
Mortgage rates have had a great month of May so far with almost every day being a winner up until yesterday and today. Even then, the 2 day losing streak began from the lowest levels in just over 5 weeks. Perhaps more importantly, apart from the past 2 days, today's rates would still be
Mortgage Rates Start Sideways But Move Higher in The Afternoon
On the average day in the mortgage market, the average lender will offer the same mortgage rate terms for the entire day. It's only when the underlying bond market moves enough that lenders will make mid-day adjustments. Today was one of those days and it involved a reprice to slightly h
Mortgage Rates Back Under 7% After Inflation Data
If it feels like we've been harping on the prospects for rate volatility in response to today's inflation data for several weeks (and we have), today is why. The Consumer Price Index (CPI) is the biggest reliable source of momentum for interest rates when it comes to scheduled data--big enough
Another "Nice" Day For Rates, But Tomorrow is The Real Story
We've been waiting for tomorrow since April 10th. That's the last time the Consumer Price Index (CPI) was released. This is one of the two official consumer-focused inflation indices in the U.S. and it comes out 2 weeks before the also important PCE price index. With inflation bein