Stocks just can’t catch a break, slip slidding once again into negative territory

Stocks just can’t catch a break, slip slidding once again into negative territory.  Bonds, notes, and Austin mortgage pricing are the benefactors, continuing to push to lower yields.  The 10 year note is plus 20/32’s, trading at a yield of 3.17%.  Stocks are off 100 plus on the big board.  Also, we have broken out of the triangle pattern to the upside (bullish).  Need to close at current level or better and maintain into tomorrow’s trade.  Easier said than done with auctions and the FOMC on tap for tomorrow.  Meanwhile, Austin borrowers are encouraged to take advantage of the great Austin mortgage rates currently available.

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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