The Fed emphasized their continued commitment to purchase both Treasuries and MBS through October. Market reaction has been volatile

No change in the Fed Funds interest rate and not much change in the policy statement.  The Fed emphasized their continued commitment to purchase both Treasuries and MBS through October.  Market reaction has been volatile, dropping 19/32’s on the initial print and then rallying back to down 4/32’s.  Currently, we are close to where we were before the release with the note down 11/32’s (yield 3.74%) while MBS are off 6/32’s.  More if conditions warrant.

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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