Quiet trading in both stocks and bonds has greeted the market

Quiet trading in both stocks and bonds has greeted the market.  Stocks opened on the soft side, down 80 or so on the Dow but have since recovered to go positive by 72 points.  The 10 year note was up 10/32’s at one time but currently is trading plus 1/32nd to yield 3.30%.  Mortgage back haven’t done much, trading plus 4/32’s at the highs and now are plus 2/32’s.  We’re expecting more of the same until we start to set up (Thursday) for the May Employment report due out Friday at 7:30 am cst.

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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