Home Loan Rates – Austin, TEXAS

Good day, friends!

Most mortgage investors are waiting quietly on the sidelines for the results of this afternoon’s Treasury debt auction. Uncle Sam will be active in the credit market looking to sell a stack of 10-year notes worth $21 billion. The auction will conclude at 1 p.m. ET.

Mortgage investors are keeping their fingers crossed that year-end conditions and balance sheet issues don’t cause the broker/dealer community to bid less aggressively for today’s government debt offering. While it probably won’t be anything to write home to mom about — the chances are pretty reasonable that today’s Treasury auction will be strong enough to limit most of the upward pressure on mortgage interest rates. I am guardedly optimistic in my market view for no other reason than there are few other investments in the global credit market universe that are currently seen as being as low risk as Treasuries. If this assessment proves accurate, look for today’s auction to exert little, if any noticeable upward pressure on mortgage interest rates. I’ll provide auction results as quick as possible once the final gavel falls.

It is Wednesday, which means the Mortgage Bankers of America have issued their mortgage application index for the week ended Dec. 5th. According to the MBA, overall demand for residential financing rose by 8.5%. Demand for loans to buy a home increased by 4.0% to its highest level since the last week of October — while refinance applications jumped 11.1% to a two-month high. —L. Baer

Today’s Urban Austin Mortgage Rates:
30yr fixed- 4.625% 0+1
15yr fixed- 4.125% 0+1
FHA/VA- 4.75% 0+1
USDA 100% financing- 4.75% 0+1

*These low rates are ONLY offered through Urban Austin Mortgage. The application process is FREE, simple and you can receive an approval in just a few hours. Lets get to work!

Cheers,

D. Stephen Steakley, Jr.
Austin, Texas Home Loan Expert
512-577-8898 ph
Austin, TX Home Loan – Quick Application