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40 day moving average

Home > Posts > Tag: 40 day moving average

With current levels at 3.77%, the market needs to boot strap itself back together or further downside (worsening mortgage pricing) will occur

Today’s day-end close will be very important. We need to hold 116 22/64th on the futures chart (yield equivalent is 3.75%) to feel better about the range trade continuing. With current levels at 3.77%, the market needs to boot strap itself back together or further downside (worsening mortgage pricing) will occur.

2010-03-24T10:56:59-05:00March 24, 2010|Austin Mortgage Market|

The job numbers seem a little too good to be true

Nonfarm Payrolls were down only 11K, the Unemployment Rate fell to 10.0%, and last month’s job losses posting revisions lower by 79K set the table for a “Katie bar the door” bond selloff this morning. Initial reaction punished the 10 year note lower by over 1 point, taking the yield as high as 3.52% (right into good support I might add). Mortgage backs followed suit with worsening interest rates and pricing; 4.50%/4.625% off as much 24/32’s.

2009-12-04T14:55:29-06:00December 4, 2009|Austin Mortgage Market|