Tag Archives: Economy

Houston Mortgage Update 10/07/2014

Posted ago by Cary Cox

ShareHouston mortgage rates are holding steady with faltering global growth  in Europe and China. The German manufacturing sector was disappointing, showing contraction in the sector for the first time in over a year. U.S. Factory activity, marked by the ISM …

Houston Mortgage Update on Mortgage Rate Movers 09/29/2014

Posted ago by Cary Cox

ShareLots of items last week and this week that will influence Houston mortgage rates. Here is what happened to influence mortgage rates last week: The Chicago Federal Reserve reported that the National Activity Index was negative in August, suggesting below …

Mortgage News for 09/22/2014

Posted ago by Cary Cox

ShareLast week we had many more geo-political events moving the mortgage market and mortgage rates around. Here is a quick summary of last week and upcoming news this week that will affect mortgage rates in Houston, TX and all over …

Quick Hit on Economic & Mortgage Picture for Week of 09/15/2014

Posted ago by Cary Cox

ShareThe economy still seems to be stuck in low gear, we are moving forward albeit at a painstakingly slow pace. Mortgage applications have been down, which is never a good sign for the housing recovery which needs to drive the …

FHA Mortgage Update

Posted ago by Cary Cox

ShareFHA mortgage guidelines for condos have been extended through the calendar year of 2016. Haveing consistent FHA mortgage guidelines are great. On the other hand, FHA really needs to loosen up their mortgage guidelines for condos. Many first-time homebuyers can …

Mortgage Apps Drop Government Wants a Mortgage For All But Crucifies Non-Issues

Posted ago by Cary Cox

ShareMortgage applications dropped today to a six year low. As reported in Mortgage Professional America: Mortgage applications plummeted last week, dropping 7.2% from the week earlier, according to new data from the Mortgage Bankers Association. Refinances hit their lowest level …

Mortgage News 09/08/2014

Posted ago by Cary Cox

ShareWe had the worst jobs report in months and it iniitially caused a rally in the mortgage backed security markets, but then it sold off. Mortgage rates continue to be caught in a sideways trading range. Most of the choppiness …

Mortgage News Update

Posted ago by Cary Cox

ShareLots of Geo-Political news has been driving the mortgage markets and mortgage rates lately. Here is just a small sampling of events from our friends at NYCB that will influence mortgage rates this week: Ukraine, the U.S. and Europe accuse Russia …

Mortgage Rates & Mortgage Market Info 05/08/2014

Posted ago by Cary Cox

ShareThe bond markets including the mortgage bond markets or mortgage backed securities market is casting doubt on the economic reocery. Typically in a recovery you have rising interest rates which lead to higher mortgage rates, but that has not been …

News Driving Mortgage Rates & The Economy 04/29/2014

Posted ago by Cary Cox

ShareThis week there is a full slate of economic news that will drive mortgage rates. In addition, mortgage rates are having a lot of volatility due to the ongoing crisis in the Ukraine. The data also shows that rising mortgage …