In recent days has been pretty quiet about mortgage rates in Houston. When one considers the fact that we are sitting at around 5% (low to mid 5, actually), you have to consider that the market is in very good shape for anyone who might be considering Houston refinance or purchase loans. Unlike last week, we have no Treasury auctions this week, nor have all the major economic reports scheduled to this week either, so not really expecting to see a lot of volatility. But you can never be sure if you're ready to make a move is always a good idea to lock the rate now instead of sweating in the hope of obtaining a lower rate, in fact, probably will save the equivalent of some pocket change each month.

This week has provided some interesting activity however, with many financial companies set to release quarterly earnings. It is interesting see that Meredith Whitney, a respected Wall Street analyst has been doing some more positive statements on many of finances. One thing that is looking as good news is that more people are taking advantage of changes in the mortgage instead of refinancing, and this is a good thing for businesses mortgage servicing. Mortgage servicing should be happy with this, because through an amendment is not necessary to pay a premium service release, hold the loan portfolio and the loan was extended again. All good things for themselves rather than just give it to another service provider at a cost.

When Meredith Whitney referred to as a highly respected analyst above, you may have been asking what is it that makes it so well respected. Well, one reason is that he was among the first to see and predict with accuracy issues with the financial sector as a whole and predicted its demise. The hope is that it is also accurate in his predictions now that she has a more positive sentiment in the sector. The mortgage Houston and the real estate market can use all the help he can get.

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Article Source: ArticlesBase.com – Relative Calm in the Current Houston Refinance Market

Mac News Weekly – #57