Real Estate News & Tips for Central Texas
Highest Mortgage Rates in 2 Months
It's been a strange and frustrating couple of weeks for anyone who mistakenly believed that mortgage rates would move lower after the Fed rate cut. To be sure, there is plenty of that sentiment out there according to the just released Fannie Mae sentiment survey showing the highest net percent
Massive Jump in Mortgage Rates After Jobs Report
Today's much-anticipated jobs report ended up coming out much stronger than expected. A stronger result was all but guaranteed to cause carnage (relative) in the mortgage market and that's definitely what we're seeing. A caveat is that rates are still much lower than they were several mo
Consistently Higher Rates Since Fed Rate Cut, But Friday Could be BIG
Depending on how tuned in you've been to changes in our daily rate tracking, the news may be getting old at this point. Rates have done almost nothing but move higher ever since the Fed cut rates on September 18th. While this continues to be a challenge for some folks to comprehend, it was alw
Mortgage Rates Near 1-Month Highs, But That's Still Pretty Great
Mortgage rates moved higher today after an employment report suggested that Friday's forthcoming Employment Situation (the BIG jobs report) might come in slightly better than expected. The report in question, ADP Employment, is always released 2 days before the big jobs report and it's designe
Mortgage Rates Begin The Month With a Modest Victory
While the past 5 months have been well-stocked with victories for mortgage rates, the past week and a half brought a bit of a pull back. Most of that upward momentum can be chalked up to rates rushing to get into position for the Fed's rate cut on September 18th. It's actually quite a bi
Mortgage Rates Moderately Higher to Begin The Week
Mortgage rates have generally been moving higher since the Fed cut rates 2 weeks ago. We've discussed and explained that paradox exhaustively and can now move back to tracking the normal array of cause and effect in the rate market. The first day of the new week kept the trend of steady rate i
Refi Booms, Loan Limits, and Mortgage Rate Misdirection
'Tis the season for things to be something other than what they appear to be, apparently. Lenders are talking about new loan limits, but they haven't officially changed. News stories are saying rates went lower this week, but they're higher. And there's even talk of a big refi boom, but as you may h
Mortgage Rates Are 110% NOT Lower This Week
Because we created the industry's first daily mortgage rate index based on actual lender rate sheets without any subjective distortions, and because the longest-standing mortgage rate index in the U.S. is a once-a-week survey with plenty subjective distortions and some quirky methodology, we often f
Mortgage Rates Highest in More Than 2 Weeks
Mortgage rates hit their lowest levels in more than a year and a half last Tuesday as the bond market put the finishing touches on its preparation for the Fed announcement the following day. Since then, rates have been drifting mostly higher with each passing day. As of this past Monday, the a