Austin Mortgage Report – 8/15/2014

Mortgage rates end the week lower again!An escalation in the conflict in Ukraine was favorable for mortgage rates this week. Concern about the pace of global economic growth also was positive for mortgage rates, which ended the week near the lowest levels of the year. Rates (with 1 discount Continue Reading

Austin Mortgage Report – 8/8/2014

Mortgage rates end the week slightly lower…With a light slate of economic reports this week, the conflict in Ukraine and the news of bombings in Iraq had the greatest effect on mortgage rates. Shifting sentiment about the likelihood of escalation caused some market volatility during an otherwise quiet week. Mortgage rates ended the week a little […]

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Austin Mortgage Report – August 1, 2014

Mortgage rates end the week a little higher…In a packed week, the two big economic reports were the main drivers of mortgage rates. The outperformance of the GDP data relative to expectations outweighed the small miss in the Employment report, causing mortgage rates to end the week a little higher. This week’s Fed meeting contained […]

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Austin Mortgage Report – 7/25/14

Mortgage rates end the week a little higher…The conflicts in Ukraine and the Middle East had little impact on markets this week, while the economic data was slightly stronger than expected overall. As a result, mortgage rates ended the week a little higher.Rates (with 1 discount point or less*): 30 Year Conv 4.125% 15 Year Conv […]

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Austin Mortgage Report – 2014-07-18

Mortgage rates end the week unchanged…  Geopolitical events were the primary influence on mortgage rates again this week, while the economic data had little impact. Rates started to increase this week until shocking news on two fronts caused rates to end the week unchanged from last Friday. Rates (with 1 discount point or less*): 30 Year […]

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Austin Mortgage Report – July 3, 2014

Mortgage rates end the week higher… The big story this week was that job gains in June were significantly higher than expected. Since faster economic growth adds to future inflationary pressures, though, this was negative for mortgage rates, which ended the week higher.Rates (with 1 discount point or less*): 30 Year Conv 4.25% 15 Year Conv […]

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Austin Mortgage Report – 6/19/2014

Mortgage rates end the week lower…Inflation concerns were the main influence on mortgage rates this week. A surprising jump in CPI caused mortgage rates to rise on Tuesday. The Fed downplayed the threat of high inflation on Wednesday, however, causing mortgage rates to decline. The net result was that mortgage rates finished the week a […]

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Austin Mortgage Report – June 13, 2014

Mortgage rates end the week higher…Mortgage rates were influenced by a wide range of factors this week, resulting in a good deal of volatility. Violence in Iraq, comments from the Bank of England, divergent US Treasury auction results, and mixed US economic data all had an impact this week. Overall, the unfavorable news slightly outweighed […]

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Austin Mortgage Report – May 30, 2014

Austin-Mortgage-Report

Mortgage rates end the week lower again… Mixed US economic data was roughly neutral for mor tgage rates. Anticipation of additional stimulus from the European Central Bank (ECB) was favorable, however, and mortgage rates ended the week a little lower.   Rates (with 1 discount point or less*): 30 Year Conv 4.125% 15 Year Conv 3.25% 5 […]

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Austin Mortgage Report – May 16th, 2014

Mortgage rates end the week at new lows… The two biggest reports on economic growth released this week both fell short of the forecasts, which was favorable for mortgage rates. In addition, expectations increased for a bond purchase program by the European Central Bank (ECB), which also was positive for mortgage rates. As a result, […]

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Austin Mortgage Report – May 2nd, 2014

Mortgage rates end the week unchanged…The major economic data released this week continued to show an even better than expected bounce back from a weather-related slowdown during the winter. Despite the economic strength, though, there were few signs of inflationary pressures, helping mortgage rates end the week unchanged.  Rates (with 1 discount point or less*): 30 […]

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