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™ ---- 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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