Real Estate News & Tips for Central Texas
Mortgage Rates Casually Drift Back to 2 Month Lows
It was a fairly decent day for mortgage rates with the average lender returning to the lowest levels in just over 2 months. The improvement followed early morning comments from Treasury Secretary Scott Bessent regarding the probable mix of future Treasury debt. What's that got to do with mortgage ra
Mortgage Rates Unchanged After Mid-Day Changes
It was almost a mildly interesting day as rates started out slightly higher. To be fair, even that would not have been too interesting because the move was so small that most rate quotes would have been unaffected. Still, just to be sure to avoid any and all excitement, rates received a
Mortgage Rates Bounce Back Up
Mortgage lenders were unable to update their rates yesterday as the bond market was closed for the Presidents Day holiday. Three day weekends can occasionally result in extra volatility on the first day of the new week because--in many cases--the rest of the world's financial markets continue
Mortgage Rates Drop to Lowest Levels Since December 17th
The final two days of the present week weren't on many bingo cards as of Wednesday afternoon. At the time, rates were jumping higher in response to inflation data. That same morning, the Consumer Price Index (CPI) showed consumer inflation accelerating much faster than expected last mont
Mortgage Rates Completely Reverse Yesterday's Spike
Mortgage rates jumped quickly higher yesterday following the higher inflation reading in the Consumer Price Index (CPI). Now today, rates have completely erased the move despite a similar report, the Producer Price Index (PPI) seemingly adding fuel to the inflationary fire. PPI is almost never as bi
Mortgage Rates Highest in Nearly a Month After Inflation Report
Today's mortgage rate movement is very straightforward. Unfortunately, it's also marked by a straight line toward higher levels--in this case, the highest since January 14th. Incidentally, January 14th was the day before the last instance of the Consumer Price Index (CPI), the same inflation r
Mortgage Rates Tick Slightly Higher. More Volatility in Store Tomorrow
Any recap of financial news headlines will likely mention Fed Chair Powell's congressional testimony today. Some efforts could even be made to link today's rate movement to various Powell comments, but that's not what actually happened. The real story is that bonds (which dictate mortgage rate
Mortgage Rates Microscopically Lower to Start New Week
Mortgage rates have been on a vacation from volatility since January 16th when they fell back toward 7% after hitting the highest levels since May 2024. Top tier 30yr fixed rates have operated inside a 0.13% range since then and a narrower 0.08% range for the past 2 weeks. Today was technicall
Mortgage Rates End Week Lower Despite Friday's Modest Bounce
Friday brought the release of the big jobs report which is historically more likely than any other monthly economic report to cause the biggest pops or drops. Today's installment can be filed under the "pop" category, but it was so quiet, you might not even hear it. In fact, the drop in rates seen e