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.
A price change for the worse (back to this morning’s levels) is in play
February 5, 2010|Austin Mortgage Market|
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