Just a heads up as both the 10 year note and mortgage backs are negative on the day. Another outside down day in the making (futures close at 2:00 cst) which will add bearish sentiment to our bias. Stocks reversing course and going positive (Dow up 20) is putting additional pressure on fixed income yields. Austin mortgage borrowers are advised to play defensive.
Just a heads up as both the 10 year note and mortgage backs are negative on the day
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
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