A price change for the worse is probably moving to the front burner

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.

About Max Leaman Austin Mortgage

GREAT RATES, LOW FEES, CLOSE ON TIME™ ---- 2012 Ranked #1 Austin Residential Mortgage Lender (Austin Business Journal) 2010, 2011 & 2012 Five Star Professional (Texas Monthly) 2009, 2010, 2011, 2012, 2013 PrimeLending Chairman's Circle Award 2009, 2010, 2011, 2012 Scotsman Guide Top Originator (Top 200 Mortgage Professionals in U.S.A.) Better Business Bureau "A+ Rating" National Lender Rankings (Scotsman Guide): Top Purchase Volume (No. 10) Most Loans Closed (No. 32) Top Dollar Volume (No. 88)

Comments are closed.