This may come as a shock to many borrowers, but it’s absolutely true. Mortgage interest rates are not set by the Federal Reserve and, contrary to popular belief, mortgage rates are not directly tied to the yields of US Treasury bills, bonds, or notes – including the 10-year Treasury Note. That’s right. Despite what you [...]

What More Quantitative Easing Could Mean   Historic, low home loan rates have been about the only thing stable in the economy these days. This low level mark breeds complacency, especially with the buzz in the air that rates may go even lower. But the question hangs in the air like humidity on a southern [...]

Wednesday’s bond market has opened in positive territory despite the release of generally unfavorable economic data. The stock markets are helping somewhat with the Dow down 40 points and the Nasdaq down 10 points. The bond market is currently up 9/32, but we should still see a small increase in this morning’s mortgage rates due [...]

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 [...]

Last Week; treasuries and mortgages had a good week; the 10 yr yield fell 16 basis points and mortgages down 12 basis points. Most of the week markets focused on the debt issues in the European Union led by the cliff-hanging balancing on Greece’s potential sovereign debt defaults. It took weeks and down grades on [...]

Wednesday’s bond market has opened in positive territory despite a lack of economic news. The stock markets are showing minor gains with the Dow currently up 15 points and the Nasdaq nearly unchanged from yesterday’s close. The bond market is currently up 9/32, which should improve this morning’s mortgage rates by approximately .125 – .250 [...]

Tuesday’s bond market has opened down slightly with no relevant economic news on tap today and the stock markets in positive ground. The major stock indexes are showing gains with the Dow up 25 points and the Nasdaq up 12 points. The bond market is currently down 3/32, which will likely mean an increase of [...]

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

Friday’s bond market has opened in positive territory following early stock selling and weaker than expected economic news. The stock markets are showing significant weakness with the Dow down 104 points and the Nasdaq down 24 points. The bond market is currently up 7/32, which should improve this morning’s mortgage rates by approximately .125 of [...]