Concerns over the deficit and debt levels in Greece are once again in play, forcing European markets lower and then spilling over to stateside equity markets

Concerns over the deficit and debt levels in Greece are once again in play, forcing European  markets lower and then spilling over to stateside equity markets.  Social security funds, hospital arrears, and transactions between the Greek government and private enterprise are on the EU finance minister’s radar.  The news rallied European bonds and has given a lift to treasuries and MBS, pushing the 10 year note above the 21 day moving average.  If we can hold these levels, the chart will turn to neutral from bearish and should work its way into better mortgage pricing.

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)

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