Housing numbers didn’t impress anyone

The 10 year note is up 15/32’s (yield 3.33%), MBS on the 4.50% coupon up 5/32’s, and stocks down 75 points on the Dow.  Interesting equity markets as a number of earnings reports hit the screen early today with strong results.  Apple blew the doors off with earnings at $1.82 per share.  PPI posted better than expected numbers and certainly takes the Fed off the inflation hook.  Housing numbers didn’t impress anyone.  We’ll stick with our neutral market call while leaning towards the bullish camp.

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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