The 10 year note dropped 50 basis points, posting the biggest one day rally (over 4 points) I’ve ever seen

Yesterday’s shock and awe move by the Federal Reserve has once again thrown us another challenge.  The 10 year note dropped 50 basis points, posting the biggest one day rally (over 4 points) I’ve ever seen.  Mortgage backs have followed suit, up about 1 point or more from Tuesday’s close.  

These are unprecedented times.

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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