Austin Texas Mortgage Blog - Archives January, 2010

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Home : Blogs : Nicole Lahti, Austin Texas Mortgage : Austin Texas Mortgage Blog : Archives January, 2010

Austin Mortgage Rates. Week of 12.28.09. - 01/04/10 06:01 PM

Austin Mortgage Rates. Week of 12.28.09.
Much like the rest of 2009, Austin mortgage rates were very volatile last week. Rates ended the week around where they began the week, which Freddie Mac estimates is around 5.14% nationally for conventional 30 year fixed rates. However, according to Freddie Mac mortgage rates have increased approximately .5% since the beginning of December -- wowza!
So why are mortgage rates increasing?
Austin mortgage rates are determined by the price of mortgage-backed securities (MBS) on the secondary market (MBS prices and mortgage rates are inversely related). It takes about four months for new loans … (0 comments)

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Nicole Lahti, Austin Texas Mortgage

Austin, TX

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