interest rates: This Week in Lending - 06/13/11 09:17 AM
While mortgage rates reached a new low for the year during the middle of the week, they ended nearly unchanged. It was a light week for economic data, and demand for the Treasury auctions was close to average, so investors had little reason to alter their outlooks. Economic growth during the first half of the year has been slower than expected, and the consensus economic outlook is for just a modest pick up in growth later in the year, with continued low inflation. This week's Beige Book confirmed that economic growth is moderate in most regions with few inflationary pressures. In … (1 comments)

interest rates: This Week in Lending - 06/06/11 05:21 AM
Friday's Employment report was a disappointing indicator of the current state of the US economic recovery. This report, along with just about every other economic measure released this week, was weaker than expected. As a result, mortgage rates fell to a new low for the year. Against a consensus forecast of 150K, the economy added just 54K jobs in May, and the figures for prior months were revised lower as well. This was the lowest monthly level of net job creation since September 2010. The big question about the economy is whether the slowdown in growth is mostly due to temporary … (0 comments)

interest rates: This Week in Lending - 05/31/11 08:27 AM
Many factors were favorable for mortgage rates this week. Weaker than expected economic data, strong results for the Treasury auctions, and renewed concerns about weaker European countries all helped mortgage rates end the week at the lowest levels of the year. All of the major economic data released during the week was weaker than expected. First quarter Gross Domestic Product (GDP), the broadest measure of economic growth, was unchanged at 1.8%. Most investors expected the figures to be revised higher to at least 2.0%. April Durable Orders fell 4% from March, which was the largest monthly decline since October 2010. Weekly … (1 comments)

interest rates: This Week in Lending - 05/23/11 08:27 AM

Weaker than expected economic data helped mortgage rates decline to the lowest levels of the year early in the week. On Wednesday, though, a reminder that the Fed will eventually sell its portfolio of mortgage-backed securities (MBS) helped to erase the improvement. These two influences offset each other, and mortgage rates ended the week nearly unchanged.The economic data released this week fell far short of investor expectations almost across the board. The most significant report, April Industrial Production, was unchanged from March, which was well below the consensus forecast. Manufacturing output was hurt by a shortage of parts from Japan … (0 comments)

interest rates: This Week in Lending - 05/11/11 06:26 AM

Weaker than expected data helped mortgage rates improve for most of the week, but Friday's Employment report then surprised to the upside, causing mortgage rates to give back some of the improvement. In the end, as they have for each of the last few weeks, mortgage rates finished the week a little lower.Against a consensus forecast of 185K, the economy added 244K jobs in April. Revisions to data from prior months added another 46K jobs. The private sector added 268K jobs, which was the highest level since February 2006, and the gains were broad-based across a range of sectors. The … (0 comments)

interest rates: Let's Put Things into Perspective... - 04/27/11 08:26 AM
It's 1971...
You have your Firebird & Led Zeppelin's blaring in the background . . . . or you have your bell bottoms, afro & disco ball!
You pay..
40 cents per gallon for gas..
8 cents for a stamp..
43 cents per pound for Turkey..
$150 per month in rent..
the average new home sale is $25,250..
and your interest rate is 7.48%!
Today's Interest Rates -> Starting around 5%
Even in the 70's you couldn't borrow money as cheap as you can today!!
What are you waiting for..??


interest rates: This Week in Lending - 04/27/11 04:57 AM
With little economic data, it was a relatively quiet week for mortgage rates. The biggest economic news was a surprise warning from a major rating agency that it may downgrade US debt, but investors viewed this as positive for bonds. As a result, mortgage rates ended the week a little lower. On Monday, S&P unexpectedly announced that it had lowered its outlook for US debt due to growing budget deficits. Basically, this means that S&P sees a higher risk that they will need to downgrade the credit rating for US debt over the next couple of years. A lower credit rating … (0 comments)

interest rates: This Week in Lending - 04/19/11 05:56 AM
On target inflation data and strong demand for the longer-term Treasury auctions were favorable for mortgage rates this week. The other major economic reports contained few surprises. As a result, mortgage rates ended the week lower. In recent weeks, the primary influence for mortgage rates has shifted from global events in Japan and the Middle East to the outlook for inflation. Last week's rate hikes in Europe and China to fight inflation raised concerns that the Federal Reserve was falling behind with its lack of tightening, and mortgage rates moved higher. This week's tame inflation data eased those concerns, however, and … (1 comments)

interest rates: Interest Rates are "Movin' on up...!" - 04/11/11 06:50 AM

With little other economic news, inflation concerns weighed on mortgage rates this week. Despite rising commodity prices, Fed officials appear to be in no rush to tighten monetary policy. Investors, worried about the risk of higher inflation, pushed mortgage rates a little higher.While the ECB (European Central Bank) and China raised rates this week to fight inflation, US Fed officials continued to downplay the risks. According to the Fed Minutes released this week and in recent statements, the majority of Fed officials maintain the view that higher commodity prices are unlikely to raise future inflation expectations. These officials expect the … (2 comments)

interest rates: Short Sale.. an Oxymoron..!?? - 03/29/11 07:10 AM

Short Sales - Increase the Odds of Closing with Experienced Professionals
A short sale is when a homeowner is trying to sell the home "short" of foreclosure, and the term "short sale" is extremely misleading and, really, is anything but that! They take time and can be very frustrating. And, only a small number even close. According to an August 2010 article in, 1 in 5 offers turn into short sale closings. 20%!??  With numbers like that, it makes you wonder why even bother??  But, for those who are patient and have their ducks in a row, a short sale, … (7 comments)

interest rates: Where in the world are we?? - 03/28/11 08:43 AM
With no major developments in Japan or the Middle East and little economic data on the schedule, mortgage markets had one of their quietest weeks of the year. The only significant market moving news was an unexpected announcement from the Treasury on Monday, which pushed mortgage rates a little higher. For the rest of the week, mortgage rates barely changed. The Treasury announced on Monday that it will begin selling its remaining $142 billion in agency-guaranteed mortgage-backed securities (MBS) holdings. Beginning this month, the Treasury plans to sell up to $10 billion per month, as they wind down the emergency programs … (0 comments)

interest rates: The Domino Effect - 03/22/11 09:31 AM
World events overshadowed domestic news in driving mortgage rates this week. The disaster in Japan and the violence in the Middle East helped push mortgage rates a little lower. Stronger than expected US economic data had just a small impact.The current environment is rare in that unrelated events in different parts of the world are exerting such a strong influence on US mortgage rates. While global economic growth rates are always a significant factor, they generally shift at a gradual pace. What makes the disaster in Japan so unusual is that it produced a very abrupt decline in the economic outlook … (0 comments)

interest rates: Violence in the Middle East = Improvement in Interest Rates in the States! - 03/14/11 10:49 AM
Concerns about the pace of global economic growth and continued violence in the Middle East helped mortgage rates improve this week. Very strong demand for this week's longer-term Treasury auctions was also favorable. As a result, mortgage rates moved lower during the week.The fighting in Libya continued this week, and violence spread to Saudi Arabia. Geopolitical tensions generally benefit bonds as investors seek out relatively safer assets. Unrest in oil-producing nations has the added impact of pushing oil prices higher. When consumers and businesses must spend more for energy, they have less money to spend on other items. This slows economic … (0 comments)

interest rates: Interest rates on the rise..!?? - 03/07/11 02:14 PM


interest rates: The Roller Coaster We Know as Interest Rates... - 02/28/11 09:20 AM


interest rates: Seeing Improvement is Music to my Ears! - 02/22/11 05:04 AM


interest rates: This Week in Lending... Rates are surely but, luckily, slowly going up..... - 02/16/11 05:20 AM

Inflation concerns and a higher than expected January budget deficit caused mortgage rates to move a little higher during the week. Solid demand for this week's longer-term Treasury auctions helped prevent a larger increase in mortgage rates. Investors hoping for inflation relief from the Fed were disappointed. In testimony on Wednesday, Fed Chief Bernanke suggested that Fed officials view overall inflation levels as low and have no near-term plans to tighten monetary policy to fight rising inflation.Over recent months, mortgage rates have moved higher due to investor concerns that future inflation will rise significantly. Inflation can come from different sources. … (0 comments)

interest rates: Interest rates under 4%!??? This CAN'T be true.. or can it!? Hmmm..... - 10/13/10 07:32 AM
This is basically a spin-off from a blog I wrote a few days ago but another valid point was brought up in a meeting I attended this morning and I felt it was that important to re-emphasize the point.  This morning, a lender stood up and said he locked in a rate on a 30-year loan at 3.875%. UNDER 4%!!???  Do you have any idea how amazing this is!?  Let me put it this way.. I have a client who was approved on a 30-year loan at 4.4%.  Because of the condo he is purchasing, he has to obtain special financing which … (0 comments)

Britney Elizondo, Your Dallas Home Buying Specialist :: 940.453.5308 (Keller Williams Realty)

Britney Elizondo

Your Dallas Home Buying Specialist :: 940.453.5308

Dallas, TX

More about me…

Keller Williams Realty

Address: 1811 Greenville Avenue Ste. 100, Dallas, TX, 75206

Office: (214) 515-9888

Mobile: (940) 453-5308

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