Real estate blog entries tagged with mortgage rates in austin by Nicole Lahti, Austin Texas Mortgage (United Lending)

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Home : Blogs : Nicole Lahti, Austin Texas Mortgage : Austin Texas Mortgage Blog : Tag "mortgage rates in austin"

mortgage rates in austin: 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)

mortgage rates in austin: Austin Mortgage Rates. Week of 12-14-09. - 12/21/09 11:07 AM

Austin Mortgage Rates. Week of 12-14-09.
Austin mortgage rates ended last week approximately where they began. There was a slight worsening to rates on Tuesday when the Producer Price Index (PPI) was released and showed signs of inflation; luckily, Austin mortgage rates lowered to their lower levels later in the week.
While we're enjoying historically low rates for now (see Historical Rate Trend to the right), this won't last very much longer. As I've announced in previous posts, the Fed will be ending its purchase of mortgage-backed securities (MBS) by March 31, 2010. Why is this important? The end to this … (3 comments)

mortgage rates in austin: Austin Mortgage Rates. Week of 12-7-09. - 12/14/09 11:01 AM

Austin Mortgage Rates: Week of 12-7-09.

The national Freddie Mac 30-year fixed rate for the week of 12.07.09 was 4.81%, up approximately .125% from the previous week. Austin mortgage rates fall under Freddie Mac's southwest region's rate of 4.83%. Look to the right for Freddie Mac's interest rate chart for the last year -->.
So why did rates increase last week? The Treasury auctioned off 10-year and 30-year treasuries last week, which compete directly with mortgage-backed securities for buyers. This competition increases the supply of mortgage-backed securities, and Economics 101 tells us when supply increases, prices drop. … (0 comments)

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Nicole Lahti, Austin Texas Mortgage

Austin, TX

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Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759

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