Just a quick update. Stateside traders were greeted with bullish price action as Japan’s growth fell short of expectations, pushing the 10 year note up 1 point before the bell. The National Association of Home Builders Confidence Index didn’t help, falling to 13, its lowest level since March 2009. I wanted to get this out because we are starting to see the early morning rally fade. Currently the FNMA’s are up only 2/32’s and the 10 year is plus 21/32’s. Part of this is due to a recovery in stocks, once down 70 something, the Dow has now boot strapped itself back to plus 13. A price change for the worse is probably moving to the front burner.
A price change for the worse is probably moving to the front burner
About the Author: Max Leaman Austin Mortgage
Great Rates, Low Fees, Close on Time® – (800) 301-3405 Since 2001, Leaman Team has helped clients to purchase, refinance and renovate. The biggest distinction between lenders is their honesty, customer service, and ability to close on time.
September 28, 2018
September 27, 2018
April 27, 2017