Real Estate News & Tips for Central Texas
Mortgage Rates Inch to New 1-Month Lows
Last Thursday, mortgage rates merely had to hold steady in order to hit 1-month lows. In other words, Wednesday's rates were low enough to earn that distinction, but it technically hadn't been a full month since rates were decisively lower. All that to say, not much has changed sin
The Upcoming Week Will Be Significantly More Volatile
In general, you should be skeptical any time someone says a future week will be more volatile. There's really no way to know such things in advance, but this time is an exception. While we can't have any idea which direction rates will move next week, we can be sure that we'll see more volatil
Mortgage Rates Technically at Lowest Levels in a Month
The most prevalently quoted conventional 30yr fixed rates are at the lowest levels in a month as of today, but there are a few "yeah buts" that make that achievement look a bit less lofty. The first is that the rates seen on any day this week would have qualified for the same distinction if th
Mortgage Rate Winning Streak Ends Gently
Yesterday, we took a look at the recent winning streak for mortgage rates. Specifically, they had moved lower for 5 straight days--a feat only achieved two other times this year. While there have been streaks more than twice as long, the odds of a pull-back start increasing pretty quickl
Mortgage Rates Just a Bit Lower as Winning Streak Hits 5 Days
There have been 3 winning streaks for mortgage rates in 2024 where the average rate has moved lower for at least 5 days and where the conventional 30yr fixed rate has fallen by more than 0.25%. Before today, there were only two. The present example didn't receive a notable boost fr
Mortgage Rates Modestly Lower to Start The New Week
Mortgage rates did well last week, making it almost halfway back to the lower levels seen on April 9th. Why focus on April 9th? That was the last day before the most recent Consumer Price Index (CPI). Why focus on CPI? That's the monthly economic data that matters most to rate move
Rates End Week at Lowest levels since April 9th
It was an action-packed week for the housing and mortgage market. Wednesday's Fed announcement was the highlight, but we also got several economic reports that caused rate volatility. Thankfully, it was mostly the good kind. The week got off to a slightly stronger start with Monday's only major rate
Mortgage Rates Sneak to 2 Week Lows With Important Data on Deck
The bond market--which dictates interest rates--had a generally favorable response to yesterday's update from the Federal Reserve. While the Fed didn't cut rates, and while they're increasingly acknowledging that rate cuts are moving farther into the future, they still think data will evolve i
Mortgage Rates Move Lower After Fed Announcement
Wednesday brought a full schedule of events and data for the bond market to digest and bonds dictate day to day changes in mortgage rates. The morning's data was perfectly palatable, resulting in modest strength heading into the afternoon's Fed announcement. Contrary to impression given by man