Market Reports

Market Report for the Week Ending 3/7/2010

March 8, 2010 by BigMama · Leave a Comment 

What Did Interest Rates Do Last Week?**
 
30-yr Fixed – Lower
Last Week: 4.97%
Previous Week: 5.05%
1yr Ago: 5.15%
15-yr Fixed – Lower
Last Week: 4.33%
Previous Week: 4.40%
1yr Ago: 4.72%
Jumbo Fixed (Average 30-yr Fixed)
Last Week: 5.50%
Previous Week: 5.50%
 

Highlight of Last Week’s Major Economic Reports
 
The latest Federal Reserve survey of regional economic conditions found that most of the country is in [...]

Avery Ranch Real Estate Market Data Report 2010

March 8, 2010 by BigMama · Leave a Comment 

Avery Ranch is an 1,800 acre master-planned community with over 4,000 homes that have access to 17 hill country acres of amenity centers, tennis courts, pools, and hike & bike trails located approximately 16 miles north of downtown Austin, it is nestled just west of Round Rock, and east of Cedar Park in Williamson County. [...]

Steiner Ranch Real Estate Market Activity February 2008 to February 2010

February 11, 2010 by BigMama · Leave a Comment 

Steiner Ranch is an established, and still developing neighborhood located in the northwestern section of Austin, just under 12 miles northwest of Downtown. The neighborhood is composed mostly of detached single family tract homes, semi-custom, and custom homes ranging in size from 1,500 square feet to 8,000+- square feet of good-to-excellent quality in terms [...]

Market Report for the Week Ending 1/24/2010

January 26, 2010 by BigMama · Leave a Comment 

What Did Interest Rates Do This Week?
30-yr Fixed – Slightly Lower
This Week: 4.99%
Last Week: 5.06%
1yr Ago: 5.12%
15-yr Fixed – Slightly Lower
This Week: 4.40%
Last Week: 4.45%
1yr Ago: 4.80%
Jumbo Fixed (Average 30-yr Fixed)
This Week: 5.75%
Last Week: 5.75%
Highlight of This Week’s Major Economic Reports
With little economic data to sway mortgage [...]

RESPA Reform Summary

January 5, 2010 by BigMama · Leave a Comment 

What Do You Need to Know About RESPA Reform?
Before we talk about RESPA reform, you should know that these acts collectively govern a broad range of activities in the lending industry, which includes lending for real estate (mortgages):

The Real Estate Settlement Procedures Act (RESPA) prohibits abusive practices by lenders that increase costs. These prohibitions [...]

Market Report for the Week Ending 1/1/2009

January 5, 2010 by BigMama · Leave a Comment 

What Did Interest Rates Do This Week?
30-yr Fixed – Higher
This Week: 5.14%
Last Week: 5.05%
1yr Ago: 5.10%
15-yr Fixed – Higher
This Week: 4.54%
Last Week: 4.45%
1yr Ago: 4.83%
Jumbo Fixed (Average 30-yr Fixed)
This Week: 5.895%
Last Week: 5.875%
Highlight of This Week’s Major Economic Reports:
Real Estate Market News – at your fingertips -
2009 [...]

Austin Real Estate: Buy Now or Buy Later?

December 9, 2009 by BigMama · Leave a Comment 

Thinking of Buying a Home in Austin or the Surrounding Areas?
Wondering if You Should Jump NOW, or Wait Until the Spring?

I’m getting a lot of questions lately about Market Conditions, the $8000 Home Buyers Tax Credit, and Mortgage Financing. If these are things on your radar because you’re thinking about getting into the Austin [...]

Market Report for the Week Ending 11/20/2009

November 24, 2009 by BigMama · Leave a Comment 

Good news this week for home buyers! Mortgage rates inched lower for another week! Low rates, combined with the government’s $8000 incentive of the extended and expanded Home Buyer Tax Credit, make for a great time to buy!
30-yr Fixed
Last Week: 4.83%
Previous Week: 4.91%
1yr Ago: 6.04%
15-yr Fixed
Last Week: 4.32%
Previous Week: 4.36%
1yr [...]

First Time Home Buyer Tax Credit

November 10, 2009 by Blogging Agent · Leave a Comment 

Looking to buy your first home? Wondering how you can afford it?
Home Buyers received great news last week when the government extended and expanded the First Time Home Buyer Tax Credit. This program was set to expire in December and has now been extended until Spring 2010.
From the IRS’s website:
“New legislation, [...]

Mortgage Market Report for the Week Ending 10/30/2009

November 4, 2009 by Blogging Agent · Leave a Comment 

What Did Interest Rates Do Last Week?
(Re-printed with permission by Marie Funston, Sr. Mortgage Advisor)
Interest rates inched down last week and remained considerably lower than last year.
Highlight of Last Week’s Major Economic Reports
Even though it may not feel like it yet, the “technical” recovery is unofficially underway, as the first glimpse of 3rd quarter GDP [...]

Mortgage Market Report for the Week Ending 10/16/2009

October 20, 2009 by BigMama · Leave a Comment 

What Did Interest Rates Do This Week? The Mortgage Market Report:
(Reprinted with permission from Marie Funston, Sr. Mortgage Advisor.
Based on Freddie Mac weekly average survey )
30-yr Fixed – Slightly Higher
This Week: 4.92%
Last Week: 4.87%
1yr Ago: 6.46%
15-yr Fixed – Slightly Higher
This Week: 4.37%
Last Week: 4.33%
1yr Ago: 6.14%
Jumbo Fixed
Average 30-yr Fixed: [...]