Volatility has jumped as sellers press the market lower. Could be hedging for tomorrow’s 30 year bond auction or just a distribution trade for the new issue 10’s but nonetheless, prices are worsening. Current 10 year notes are now off 20/32’s and MBS down 9/32’s. We’ll need to see the 21 day MA hold. Currently, the battle is being fought (bulls and bears) right at that level. Hang in there.
Mortgage Prices are Worsening
January 13, 2010|Austin Mortgage Market|
About the Author: 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.
September 28, 2018
September 27, 2018
April 27, 2017