Play defense, Austin mortgage borrowers, as the light at the end of the tunnel is not the other side

Traders have taken their cue from Big Ben and are really pushing the market around.  Conditions are thin (light volume) and volatile which mixed together can be a toxic brew.  Sir Ben’s call to reflate the economy no matter how much we have to print (dollars) has given traders reason to sell note and bonds out the curve. 10 year notes through 30 year bonds are taking a pounding with the note currently down 27/32’s.  Mortgage backs, which track the 10 year closely, have gotten a bloody nose as well.

Text book trading here as this baby is tracking the down trend line like a hunting dog.  Good news is that we are at good support mentioned this morning.  Play defense, Austin mortgage borrowers, as the light at the end of the tunnel  is not the other side.

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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