Just when it looked like we may slip into the afternoon, stocks turned tail and ran, now down over 200 points with 4 minutes to trade. Bonds, notes and mortgage backs caught their fall and reversed course, now trading at the day’s best levels. With the yield right at major resistance (3.86%), the market will finish strong and probably wait until tomorrow to either confirm or reject the new bullish trend.
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Recent Posts
- Austin Mortgage Market Update – For the week of February 6, 2012
- Texas Mortgage Market Update – For the week of January 30, 2012
- Austin Mortgage Market Update – For the week of January 23, 2012
- Texas Mortgage Market Update – For the week of January 16, 2012
- Texas Mortgage Market Update – For the week of January 9, 2012
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Most Popular Posts
- Daily oscillators are still posting positive readings and holding above midrange levels – all good things for those that want lower mortgages/better pricing
- Dallas Zip Code Map – Fort Worth Zipcode Map – DFW Zip Code Maps
- Using one standard deviation and a dart board, our bias is for 100k in job losses and a 9.9% unemployment rate
- Austin Continues to Lead Country Out of the Recession
- 2010 Central Texas Homestead Exemption Forms
- Austin Mortgage Market Update – For the week of November 15, 2010
- City of Austin Requires Energy Audit Before Property Sale
- Dallas & Forth Worth (DWF) Zip Code Maps on MaxLeaman.com
- We see the selling as shallow into the later part of the week and then a rebound/rally to deliver better mortgage pricing as we close the book on July
- Texas Mortgage Rates Moved Higher This Week
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