Real Estate News & Tips for Central Texas
Mortgage Rates Lowest Since February 2023
Mortgage rates moved lower again today despite a key inflation report coming in higher than expected. This is counterintuitive for anyone who's been following rate movement closely over the past few years. During that time, inflation reports have had a strong, direct connection to
Another Long-Term Low For Rates Ahead of an Inflation Report That Was Once a Really Big Deal
Mortgage rates are based on trading in the bond market and bonds consistently take cues from economic data. Among the data, some reports are vastly more important than others--as we've seen after several recent examples of the jobs report. The Consumer Price Index (CPI) is another extremely im
Mortgage Rates Holding Near Long-Term Lows to Start New Week
The average lender's top tier 30yr fixed rate fell to the lowest level since April 2023 last week. That's down more than 1.25% over the past 5 months. During that time, economic data and the Fed's interpretation of the data have moved into better alignment with the idea of a rate cut cycle.&nb
Mortgage Rates Drop to Lowest Levels Since April 2023
Mortgage rates have a long and storied history of making big moves on the day that the big monthly jobs report comes out. In that regard, today was fairly normal. Indeed, the jobs report came out and mortgage rates made their biggest move of the week, dropping to the lowest levels since
Lowest Rates in a Year and a Half. Friday Could Take Them Even Lower (Or Cause a Big Bounce)
Wouldn't it be nice if you could know what was going to happen with mortgage rates before it actually happened? Since the dawn of time in financial markets, there's someone who's willing to make a seemingly compelling prediction about the future for every person who's willing to believe such t
Mortgage Rates Near Recent Lows as Markets Wait For Jobs Report
Mortgage rates moved lower for the 2nd straight day on Wednesday with the average lender right in line with their lowest levels since August 5th. In fact, most borrowers would see little--if any difference between today's loans quotes and those from August 5th. As such, today's rates bas
Mortgage Rates Slightly Lower With Important Data Looming
You never know what you're going to get on the days surrounding a 3 day weekend for financial markets, and that's doubly true when it corresponds with the final/first trading day of the month. Despite all of those potential curveballs, the bond market stayed calm enough for mortgage rates to d
Mortgage Rates End The Week Roughly Unchanged
Day to day movement has been subdued in mortgage rates recently, and now the week over week movement is just as uneventful. Friday's average top tier 30yr fixed rate almost perfectly matched last Friday's and it was identical to where we began the week. Given the absence of any maj
Mortgage Rates Are Not Actually The Lowest Since April 2023
It continues to be the case that mortgage rates are moving in a very narrow range with minimal changes from day to day. For instance, in the past week, the average mortgage payment would not have changed by more than $2 a month on a $300k loan. That said, the past two days have seen the biggest move