Stocks just can’t catch a break, slip slidding once again into negative territory. Bonds, notes, and Austin mortgage pricing are the benefactors, continuing to push to lower yields. The 10 year note is plus 20/32’s, trading at a yield of 3.17%. Stocks are off 100 plus on the big board. Also, we have broken out of the triangle pattern to the upside (bullish). Need to close at current level or better and maintain into tomorrow’s trade. Easier said than done with auctions and the FOMC on tap for tomorrow. Meanwhile, Austin borrowers are encouraged to take advantage of the great Austin mortgage rates currently available.
Stocks just can’t catch a break, slip slidding once again into negative territory
June 22, 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.
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