There is still an appetite for Uncle’s paper which is a good thing for us

43 billion of 2 year notes hit the block at 1.034% with 45.2% taken by indirect bidders and those foreign central governments we talked about earlier.  The auction was right on the screws (no tail), producing a bid to cover of 3.23 to 1.  Very strong but then again, it’s short term paper with a maturity of 2 years.  Nonetheless, there is still an appetite for Uncle’s paper which is a good thing for us.  Mortgage backs have held their ground, up 3/32’s on the day.

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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