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® – (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.