Today we see a continuation of Wednesday’s improving bond prices

Today we see a continuation of Wednesday’s improving bond prices.  Yesterday the 10 year improved in price, and this morning we have an additional 22/32s improvement.  The 10 year yield stands at 2.97, not a bad rally.  Austin mortgage pricing followed this trend, with a combined two day price improvement.   This move was spurred by a combination of factors including weak retail sales, a decent treasury auction, FOMC minutes that show downgraded revisions in growth, and this morning’s PPI number.  PPI can in at -0.5%, and the core rate, for those that don’t eat or drive, came in at +0.1%.   Tomorrow we have a few economic numbers coming out, including CPI.

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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