Austin Texas Mortgage Blog

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Mortgage and Lending - United Lending
Thanks for visiting my blog! I'm an economic & political junkie and a Mortgage Advisor in Austin, TX, so I like to write about how these two arenas interplay. I love Austin, so you'll also read local area statistics and happenings. In an effort to keep it light-hearted during our turbulent times, perhaps some inspiring stories & funny stuff about the family :)
RECENT BLOG POSTS
Happy Monday everyone!  I hope you had a great Halloween weekend -- I sure did playing with the cutest 2 year olds on the planet! Here's last week's recap, and a preview of what's to come this week. Mortgage Rates It was another volatile week for mortgage rates, so depending on when you locked y...
11/02/2009
Mortgage rates suffered some volatility mid-week, but ended Friday about where they opened on last Monday.  The same cannot be said about today, as rates opened about .125% higher than where they ended on Friday. Last week showed the market is absorbing much of its housing inventory, which dropp...
10/26/2009
Last week was another very volatile week for mortgage rates, which ended the week about .125% worse than where they began.  This increase, followed by an increase in rates week before last, is an indication that rates maybe on a more permanent rise. Why did rates increase?  Firstly, the stock ma...
10/19/2009
Over the last month there's been a lot of back and forth on whether the Federal Housing Administration (FHA) is the next agency to need a bailout.  Both sides of the argument agree FHA's delinquencies are rising and capital reserves are falling; but disagree on whether its current and future rese...
10/15/2009
Yesterday the House of Representatives unanimously voted to extend the $8,000 first-time home buyer tax credit to active military personnel, foreign service and intelligence officers.  HR 3590 extends the existing tax credit to this group until November 30th, 2010.  The bill now goes to the Senat...
10/13/2009
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 low...
10/12/2009
Have you tried buying a home in the last year or so only to find "moving up" isn't easy when you're keeping your existing home?  This may be due to the conversion underwriting rule adopted by Fannie, Freddie and FHA.  Now this rule has been in effect for a while, so most Realtors know it exists a...
10/07/2009
Mortgage Rates Rates ended nearly unchanged for the week, but the biggest news last week was the Fed signaled higher mortgage rates are in the near future. The low mortgage rates we've enjoyed were due in large part to the Fed's purchase of Mortgage-Backed Securities (MBS) on the secondary marke...
09/28/2009
Last week was a very volatile week, but despite the increase in supply of treasuries mortgage rates ended slightly better than where they began.  Mortgage bonds and home loan rates were pushed against a high level of technical resistance which in layman's terms means rates ended the week looking...
08/31/2009
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, th...
08/17/2009
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Nicole Lahti

Austin Texas Mortgage
local_phone(512) 592-5468
smartphone(512) 507-8312
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