MAX LEAMAN

Mortgage Lender Branch Manager (512) 293-1239

Austin Mortgage Blog

A price change for the worse (back to this morning’s levels) is in play

February 5, 2010

Just a heads up as the mortgage backed securities market is fading ( 1 hour to the close).  Reason being is that stocks have reversed course, down only 27 points after falling as much as 168 on the day.  S & P futures dipped below the 1050 support area but came right back, currently trading at 1060.   A price change for the worse (back to this morning’s levels) is in play.  Wicked and volatile are the markets these days.

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