Real Estate News & Tips for Central Texas
Mortgage Rates Move Slightly Higher
It's been a great couple of weeks for mortgage rates, largely mirroring the terrible couple of weeks for the stock market. A combination of downbeat econ data and economic concerns helped push investors away from stocks and into bonds (mortgage rates are based on bonds where more demand means lower
Mortgage Rates Briefly Hit 4 Month Lows
Although mortgage rates are based on bonds, and although bonds are constantly on the move throughout the day, mortgage lenders prefer to set the day's rates only once. From there, if bonds make enough of a fuss, lenders will issue mid-day changes for better or worse. Today was a bit of a roller coas
Mortgage Rates Roughly Unchanged Over The Weekend
Mortgage rates faced a very small threat of a very small increase this morning. The underlying bond market was in weaker territory to start the day and that typically means mortgage lenders raise rates. Indeed, many lenders were slightly higher at first. But just as the first lenders were publ
Rates Are Getting Really Close to 4 Month Lows
After more than a week of consistent and meaningful improvement, mortgage rates finally showed us that they were at least capable of moving in the other direction yesterday. Thankfully, that demonstration was short-lived. The average lender got back to the recently typical business of of
Mortgage Rates Finally Stop Moving Lower, But Just Barely
Stop the presses! Mortgage rates actually moved HIGHER today! While it's the first time we've been able to say such things since last Tuesday, the damage is almost imperceptible. In fact, if we compare today's rates to yesterday morning's they're identical to slightly lower. Today's rate
Mortgage Rates Hold Trickle to Another Multi-Month Low
Mortgage rates are directly connected to the bond market, and bonds can seemingly do no wrong over the past week. Specifically, demand for bonds has been strong and steady. Higher demand begets higher prices and, when it comes to bonds, higher prices result in lower rates. On several occ
Mortgage Rates Quickly Moving Toward 4 Month Lows
Over the past 4 business days, the average top tier mortgage rate has fallen by 0.22%. While that may seem like a small number, consider that mortgage rates haven't moved half as much in either direction for the entire month up until this point. Looked at another way, the last time rates moved down
Mortgage Rates Start New Week at 2 Month Lows
Mortgage rates were already in line with the lowest levels since December 18th by last Thursday. They dropped to the best levels since December 12th a day later. end of last week. When today's initial rate offerings came out, the average lender was unchanged from Friday, but as the day progres
Mortgage Rates End Week at Lowest Levels Since December 18th
Back on December 18th, rates began the day fairly close to where they ended the previous day. In the afternoon, rates surged sharply higher following the Fed announcement. Even since then, the average 30yr fixed rate has operated almost exclusively above 7%. Rates dipped a pinky toe into the 6