Worsening Austin mortgage rates are a NY minute away

Stocks rallied back from a negative open, forcing fixed income products, including mortgage backed securities to lose a little ground.  Jobless Claims led the U.S. bond market rally, pressing yields lower and improving Austin mortgage pricing as 12K were added to the unemployment list.  Existing Home Sales jumped 7.6% but that was a recovery from Armageddon which still puts the mark at 11 year lows.

Wanted to let this fly as current level mortgage pricing is now off 8/32’s as stocks continue to improve.  Worsening Austin mortgage rates are a NY minute away.

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.