Posts Tagged ‘texas mortgage’

Where are Mortgage Rates Headed? Watch For Inflation

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | March 19th, 2010

These days, homes are more affordable than ever as the housing market emerges from a slow winter season and mortgage rates are still near 5 percent. Soft housing and low rates are an excellent combination for home buyers but whereas home values rise with a gradual pace, mortgage rates can change in an instant. It’s…Read the Rest of Article

Tags: fha rates, inflation, texas mortgage, va rates
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A Rate-Locking Strategy For Today’s Fed Meeting

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | March 16th, 2010

The Federal Open Market Committee adjourns from a scheduled 1-day meeting today, its second of the year. The FOMC has held the Fed Funds Rate in a target range of 0.000-0.250 percent since December 16, 2008, and the voting members of the Fed are expected to vote “no change” again today. However, no change in…Read the Rest of Article

Tags: Fed Funds Rate, FOMC, Mortgage Rates, texas mortgage
Posted in FOMC, Interest Rates | Comments Off

Employment Situation Looks Crappy

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | January 8th, 2010

Well, when you have 85k jobs lost in December and the unemployment rate is at 10%, the New Year doesn’t particularly look that promising to you if you’re getting fitted for that cap and gown in May. While many are saying that the economy is “switching gears”, a 10% unemployment rate isn’t really indicative of…Read the Rest of Article

Tags: employment, employment situation, texas mortgage
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Jobless Claims In and a HUGE Day Tomorrow

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | January 7th, 2010

Good morning all! The only economic report for today is the Jobless Claims, and that figure has come in at 434k, a little bit lower than the 439k that was expected, and not much different than the prior 433k. Mortgage bonds are not moving much from yesterdays losses, as we are currently up 3 basis…Read the Rest of Article

Tags: fha loan, fha mortgage, mortgage updates, texas mortgage
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Rates Jump Higher Again This Morning

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | December 22nd, 2009

Just like yesterday, MBS is taking a beating again this morning. We’re currently down 31 bps, and we’re awaiting the Existing Home Sales report in about 15 minutes. The GDP (Gross Domestic Product) came in at 2.2%, lower than the expected 2.8% estimate which caused MBS to rise a little, but we are still in…Read the Rest of Article

Tags: market update, MBS, Mortgage Rates, texas mortgage
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