Predicting Mortgage Rates

October 24, 2013 by · Leave a Comment 

Tweet  What are Mortgage Rates based on? Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The candlestick chart above shows a pattern of Mortgage Backed Securities (MBS), which are the type of Bond […]

Interest Rates are on the Rise

May 30, 2013 by · Leave a Comment 

Tweet Ben Morton, Sr. Vice-President at Caliber Funding in Austin, reports a major swing in interest rates over the last 2 weeks. “Things have happened so fast; 200 bps movement in just over a week. The Fed has kept rates artificially low since early 2009 by purchasing mortgage backed securities. Bernanke has just announced that the government […]

Austin Real Estate Market on the Rise! Download our February 2011 report here.

February 15, 2011 by · Leave a Comment 

Tweet The positive vibes in the economy have finally landed in Austin. Home sales are up for the second month in a row. There is also a strong number of homes under contract, which shows us that sales will continue to be strong through February and into March. The number of homes coming on the market […]

Credit Scores and the Loan Process

May 19, 2010 by · Leave a Comment 

Tweet Laura Duggan talks with lender, Ben Morton about the importance that credit scores play in the loan process. Ben describes how credit scores are calculated and reported by the three credit bureaus, Equifax, Transunion and Experian and how your credit rating will affect your interest rate. Credit scores play an important role in the […]

Buying Power-How Far Will Your Dollar Go?

May 6, 2010 by · Leave a Comment 

Tweet Consider the value of interest rates. The difference of 1% can change what price range or neighborhood you can afford. Watch the video to find out more. As you can see on the chart, the value of homes have consistently gone up over the past 20 years with a slight dip in the last […]