Home Loan Rates – Austin, TEXAS

Hello, Friends!

Another Tuesday and things improved a little today.

Global stock markets fell hard earlier today as pessimistic news reports trumpeting details of a resurgent credit crisis in Dubai and a major downgrade in the sovereign debt of Greece sent foreign stock investors scrambling to park capital in the relative safe haven of U.S. debt obligations and mortgage-backed securities. This “flight-to-quality” buying spree in the government debt and mortgage market is a welcome but likely temporary development.

Uncle Sam will be in the credit markets today looking to sell a stack of 3-year notes worth $40 billion. The auction will conclude at 1:00 p.m. ET and is expected to be well bid – hopefully setting the stage for an equally well bid $21 billion 10-year note sale tomorrow and a $13 billion 30-year bond offering on Thursday. Look for today’s auction to exert little, if any meaningful influence on the trend trajectory of mortgage interest rates.

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 and simple. 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