2-year note

Overall, we see the stock market as moving away from any notion of a double dip, instead feeling a little giddy about taking on more risk

Overall, we see the stock market as moving away from any notion of a double dip, instead feeling a little giddy about taking on more risk. Reason being is that traders view one of two scenarios playing out, both good for stock prices.

September 27, 2010|Austin Mortgage Market|

No news today but Greece once again is in the headlines

No news today but Greece once again is in the headlines. Rates on their 2 year note were over 13% this morning. Bonds, notes, and mortgage backs all opened to the plus side with current coupon MBS up 6/32’s. Just a heads up as they are starting to slip, currently up only 2/32’s. Worsening Austin mortgage price change is at hand.