The New Year has begun and rates having started to trim some of the gains we saw right before the holidays.  I still predict we will see better as we approach Jan 11th but I am still very pleased the market is coming back to us a little. Nothing is ever a “sure” bet in this industry. If it was, I would be retired by now. With that said, rates are better and if you are in the process of looking for a new home or ready to refinance your current one, call me. Pre-approval is very easy contrary to what the media likes to tell you.

Todays Rates:

30yr Fixed- 4.75% 0+1

15yr Fixed- 4.25% 0+1

FHA/VA 30yr- 5.00%

USDA 100% financing- 5.00%

Any and all questions can easily be answered over the phone or via email any time.

Sincerely,

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

UA website - Austin Texas Home Loans
Quick Application

Hello, Austin!

Again, not much to report today. As mentioned this week is holding much higher as trade volume is virtually standing still on the Wall Street level. 30-year fixed rates today are sitting about 5.00% while your 15-year fixed is at 4.5%. I don’t expect anything different for 10 days so lets all enjoy the end of 2009 and I will keep you updated in the event anything out of the ordinary happens.

Go to urbanaustinmortgage.com today and click on APPLY NOW to get yourself in position for the next rate drop.

Respectfully,

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

Welcome back, everyone!

I sincerely hope you all had safe travels and/or a very special Christmas at home. This week like last week will start and finish off with rates much higher than we have seen the last month. As I mentioned last week, we won’t see any relief from this uptick until corporate earnings start posting mid January and some expected lower earnings reports gives bonds (mortgage rates) a hand with some downward pressure.

I suspect we won’t see much of anything positive for a week or two, so hang in there.

It’s the perfect time to be gathering your info and or filling out a loan app while you wait for rates to retreat.  REMEMBER, you CAN’T simply lock a rate by submitting a loan app. You must go through the approval process first which can take several days. Prepare yourself now by starting early.

Today’s 30-year fixed rate is sitting around 5.25% with the big banks and closer to 5.00% with Urban Austin Mortgage.

Go to urbanaustinmortgage.com today and click on APPLY NOW to get yourself in position for the next drop.

Respectfully,

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

Hey, Gang!

Almost Friday!

The bond market is struggling again today but pricing is doing its best to hold on. I am going to stay neutral on rate direction as tomorrow will be a transition day. Hold on tight!

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. Let’s get to work!

Respectfully,

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

For those of you who would like to receive my rate and loan market updates immediately, you can now subscribe to this blog and receive my updates in your email box! See option at right.

Cheers,

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