If you’ve been watching the economic news, you’ve probably noticed that market experts and traders have been keeping a close eye on the Commerce Department’s Personal Spending and Personal Income reports. Obviously, those reports provide insight into the health of our economy, but did you know they also influence home loan rates? That’s right, personal [...]

Tuesday’s bond market has opened fairly flat following a calm open in stocks and no major surprises in this morning’s economic data. The stock markets are close to Friday’s closing levels with the Dow down a couple points and the Nasdaq nearly unchanged. The bond market is currently up 2/32, but we will likely see [...]

Fed discussed the prospects for selling the MBS and agency debt it recently stopped accumulating. There is some pressure for the Fed to divest itself of these investments at a pace faster than the normal runoff and retirement of loans would produce. Although no decision was made on when any such sales might occur, a [...]

More strong selling in the stock market early this morning fueling more safety moves to treasuries and pushing mortgage prices higher. At 8:30 weekly jobless claims also added to equity market weakness. Claims were expected to have declined to 440,000 from 444,000 initially reported for the prior week; as reported claims jumped 25K to 471K; [...]

It is getting to be commonplace these days that every other day the stock market trades weaker and the bond market works better. This morning the futures trade on stock indexes is aiming to a lower open at 9:30 and as is the case the bond and mortgage markets are benefiting. This morning it is [...]

Two days ago S&P down-graded its debt to junk status. S&P accomplished what politicians had yet to do, get going to work out some plan to keep Greece, Spain, Portugal and Ireland from moving ever closer to defaulting on their sovereign debts. Prior to S&P’s move Germany was taking a strong stand that no help [...]

Treasuries and mortgage markets rallied hard yesterday on the news that S&P downgraded Greece debt to junk status. The stock market was hit hard and safe haven moves drove all yields across the curve lower. The 10 yr declined 13 basis points, the 5 yr fell 14 basis points, the DJIA closed -213. The debt [...]

This is a great explination of how Texas Mortgage Rates Move on a daily basis. If you are in need of an accurate Texas Mortgage quote please visit our fast quote