Texas Refinance Rates: Mortgage-backed Securities http://www.usatoday.com/money/perfi/columnist/waggon/2010-10-22-investing22_ST_N.htm?csp=usat.me You may have noticed that the mortgage industry has been troubled lately, staying out late at nightclubs, driving erratically and missing meetings with parole officers. Although there is no Betty Ford clinic for bad lending — and the end to the nation’s foreclosure troubles seems nowhere in sight, you [...]

Texas Mortgage News:   Good News/ Bad News.     Which do you want first? The good news:     Mortgage rates are really good.     Even if rates go up in the next 3-6 months, it’s better to buy now than before the “credit crunch.”     Contrary to popular opinion the real estate business isn’t dead.     If fact, this is a [...]

Fannie Mae Keeps Conforming Home Loan Limit at $417,000 on Single Family homes.   Home loans over $417, 000 are subject to jumbo loan quidelines and higher rates.   This is why it may be a good suggestion to do an 80/15 or and 80/10 to avoid jumbo rates. Jon Spears, 512-577-2958 jon@mylendingplace.com

Austin Home  market news and 30 year fixed rate chart: This is one person’s perspective about the current housing market I agree with.      What’s bad news today is tomorrow’s good news.     Don’t follow the hype.     (I bought Dell at the tippy top because of all the hype.) Mortgage rates are still very low relative to a year [...]