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‘DFW Market Update’ Category

DFW Mortgage Market Update September 8th

Hurricane Harvey influenced the jobs report as well as the debt ceiling was raised to compensate for the storms that have hit the US. The technicals are looking a little bearish for bonds due to the North Korean bomb-test. Short week with the weather/political news caused the market to spike. Next week look for the technicals taking over. Bonds are poised for a reversal so please lock...

DFW Mortgage Market Update August 25th

This week we saw Trump discuss the NAFTA trade agreement and the Jackson Hole Symposium. We are at a 5.8 month supply nationally. In DFW we see a 1.2 month supply. As we head out of summer, we saw the home price index had appreciated 6.5% over the year.

The Jackson Hole Symposium did not discuss any details of the unwinding of the quantitative easing. The news about the NAFTA...

DFW Mortgage Market Update Aug 12th 2017: North Korea threats spook market and bonds benefit

The news this week surrounding the tension in North Korea has caused the stock to have some downward turns. The news affects the bond market due to the “flight to quality” to their inherent safety.

The chart shows the bond market rising which help lower mortgage rates. So if you have a contract pending now is the time to lock in that rate. If you are still shopping, we will...

DFW Mortgage Market Update Aug 4th 2017

This week we saw the stock market go over 2200, but bonds rallied at the same time. Mortgage rates are better since July, but the jobs report may stall due to a better than expected report. While the jobs report was very positive, this may affect the long term bonds market. We are hoping for a breakout next week, carefully floating position.

DFW Mortgage Market Update July 29th, 2017

This past week was full of news and events, including the Fed meeting, initial job claims, and a stock market rally.

The Fed did not raise the rate and will be stable for now, but we are looking at an increase possibly in September, The GDP was revised lower, we are at a 1.9% growth which is slower than anticipated. The job market continued to be strong, and for a record 125th...

DFW Mortgage Market Update July 22nd

https://youtu.be/AAX5PbkeBjoWe are right in the middle of summer, and we see good news. New home starts are up as well as housing permits. The jobs report was positive well (the job outlook is the best in 47 years). The last trading dates we have seen a real improvement in interest rates. Additionally, when we review the charts, we see growth continuing.

DFW Mortgage Market Update July 15th 2017

Hot summer with a lot of volatility with bond friendly data. Consumer price index kept inflation in line. But, we had a change that stopped the rally. Early in the week, we had a great rally but we had a “triple tap” in the leading indicators which pushed bond pricing down. The technical influencers that play out as we have a slow news week.

Moving forward we will have to...

DFW Mortgage Market Update July 8th

Middle of summer and the not is it hot outside but so is the market. Inventory is low with under 500,000 so competitive bids are still aggressive. It is a good time to review the rate you already have locked in.

Bond prices have continued to fall forcing a nominal increase in rates. The news has affected the bond rates including the ADP report was not market friendly. We are...

DFW Mortgage Market Update June 9

Mortgage price charts have seen a good move up since April with a little bit of a “regular roller coaster” which is seasonally normal. We are sitting in the middle of a trading range with a very tight window that combines support with up resistant. Last week the economic reports were soft, but we are seeing incredible job opportunities plus a strong buyers market. Light economic reports...

DFW Mortgage Market Update for June 2

This week we had two events that caused directional movement. First, President Trump bowed out of the Paris Agreement; this may help bonds, which in turn helps lower interest rates. Additionally, the jobs report was not as favorable as expected. While there were gains in new jobs, there were a lot of folks leaving the workforce.

The 200-day moving average can indicate two...

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