Since we priced near unchanged, chances of a worsening price are not if but when

Wanted to get you out a quick heads up as fast market conditions as pressing the market (selling).  Currently, the 10 year note is off 14/32’s to yield 3.81% while current coupon MBS are off 8/32’s.  Since we priced near unchanged, chances of a worsening price are not if but when.  Despite a firm close above the 8 day moving average, selling is threatening revive the bear trend.  Very tricky market.

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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