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® – (800) 301-3405 Since 2001, Leaman Team has helped clients to purchase, refinance and renovate. The biggest distinction between lenders is their honesty, customer service, and ability to close on time.

Comments are closed.