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inflation: Nicole's Week in Review. Plus, Where Rates are Headed! - 10/12/09 03:59 PM
The bond market is closed today for Columbus Day, but ended last week leaving a sour taste in our mouth. Mortgage rates averaged well the entire week, then went up approximately .25% on Friday alone.
Could this mean mortgage rates are beginning to increase after enjoying months of historic lows? Perhaps, however the general sentiment is rates will continue their small fluctuations in the short-term, followed by a precipitous increase approximately 1-2 years from now. I know what you're thinking, "Nicole, why are you so smart?" Well, I largely attribute that to my early childhood Montessori education...what? That wasn't what … (1 comments)
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inflation: Nicole's Week in Review - 08/17/09 03:15 PM
It was a pretty volatile week for mortgage rates, but overall they ended about .25% better than where they began. This was mainly due to a friendly read on inflation via the Consumer Price Index report (CPI). This figure was unchanged for July, but the year-over-year CPI fell 2.1% for July, the largest 12-month decline since 1950. This continues to bode well for mortgage rates, but may not always be the case as CPI figures will likely rise as our economy pulls itself out of this recession.
Some more good news last week was Freddie Mac's announcement of a $768 … (1 comments)
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inflation: Nicole's Week in Review - 07/13/09 05:16 PM
Mortgage Rates
Last week started off looking pretty uneventful with a slim economic calendar, but got busier mid-week when some pretty big market moving news was announced. This news caused an improvement in rates early in the week, and a worsening later in the week.
So what caused all the volatility last week? Well, the week started off with some pretty sluggish reports in the Stock market, which improved the Bond market and mortgage rates. Adding to the mortgage rate improvement was Wednesday’s successful Treasury note auction. However, Thursday’s Treasury note auction did not go as well, causing downward pressure … (0 comments)
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inflation: Nicole's Week in Review - 06/29/09 11:02 AM
Last week was a relatively calmer week in terms of volatility in mortgage rates. This came as a surprise as we expected to see some pretty big swings on Thursday following the Fed's latest Federal Open Market Committee (FOMC) meeting. Minutes released from the FOMC meeting indicate the Fed decided on no change to the Fed Funds rate, or to the Bond purchase program (which helps keep mortgage rates low). One change from the prior meeting's statement was the Fed no longer sees deflation as a risk, which could signal inflation down the road. Remember, inflation is the arch-enemy of … (1 comments)
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inflation: Nicole's Week in Review - 06/15/09 01:17 PM
Volatility continues to be the name of the game when it comes to mortgage rates as they continue their precipitous climb that began roughly three weeks ago.
Mortgage Rates
Home loan rates ended last week about .25% worse than where they began. According to Bankrate.com, average 30-yr fixed conventional mortgages averaged about 5.67% nationwide, up .22% from last week.
Contributing to last week's volatility was the increase in supply of mortgage-backed securities (MBS) on the secondary market -- a large supply of MBS drives their prices down, causing mortgage rates to increase. Some of this supply is the large … (0 comments)
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inflation: Nicole's Week in Review - 06/08/09 08:20 AM
If you haven't noticed, I took a long hiatus from blogging -- BAD BLOGGER! Ya, I know what you're thinking, "Just another blogger that gets going then fizzles out -- chalk this one up to just another statistic." Well, sort of, these last two months mortgage rates have consistently averaged in the mid to high 4.0's%, which has brought an onslaught of business that left me gasping for air at the end of the day. Hey, I'm not complaining, it was a nice run; a good portion of the business was rate driven refinances which will likely slowdown as mortgage … (0 comments)
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inflation: Thinking About Buying a Home? Consider This First... - 03/25/09 10:07 AM
Washington is doing its very best to give you “warm ‘n fuzzies” when it comes to buying a home right now – from historically low interest rates, to literally giving you money when you buy a home. Has it worked? I think so as there has been a recent uptick in activity. So is it time to jump in and buy while the “gettin’ is good”? Perhaps, but if I were thinking about buying a home right now, here are a few things I’d consider first.
1. Mortgage rates will rise.
Mortgage rates are at historic lows, but this won’t last … (0 comments)
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inflation: Nicole's Week in Review - 03/16/09 10:25 PM
Last week's big news was the rally stocks enjoyed -- the largest in 2009. Wall Street certainly liked hearing Citigroup state it wouldn't need anymore capital injections, and Bernanke stating our recession could be over by end-of-year if the banking system can be stabilized. He also made it abundantly clear that major institutions would not be allowed to fail.
The consequences of our recessionary spending loomed its ugly head again as China expressed its concern over the safety of the U.S. assets it holds. Bernanke has attempted to quell these inflationary fears by stating the U.S. has an "exit strategy" … (1 comments)
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inflation: Nicole's Weekly Wrap-Up! - 02/09/09 09:56 PM
Employment
The labor department reported 598,000 jobs were lost in January. This is worse than the expected 540,000 job loss projection and puts current unemployment at 7.6%. Overall, 3.6 million jobs have been lost since December 2007, with half of them lost in the last 3 months. Ouch.
Personal Consumption
The PCE (Personal Consumption Index) reported its smallest gain in 5 years. This puts inflationary concerns in the backseat (for now) as the concern of deflation continues to loom. Dropping prices sounds pretty great, except they exasperate our slower economy as people delay spending in hopes of buying when prices … (0 comments)
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Nicole Lahti, Austin Texas Mortgage
Austin,
TX
More about me…
United Lending
Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759
Office Phone: (512) 592-5468
Cell Phone: (512) 507-8312
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