Street talk is that the Fed will have to step on the gas, keeping Austin mortgage rates low for an extended period of time “no matter what it takes”

The market has stabilized and buyers are stepping in.  Street talk is that the Fed will have to step on the gas, keeping Austin mortgage rates low for an extended period of time “no matter what it takes.”  Currently, the 10 year note is up.  Mortgage backs are up 12 to 14/32’s, depending on the note rate.  Crazy times!

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