Given the “juice” provided by QE2 (rumor or real), we may be set up for a blow off top and hard reversal
Given the “juice” provided by QE2 (rumor or real), we may be set up for a blow off top and hard reversal
With yields near record lows and mortgage pricing at or near the best levels in some time, its fool’s gold not to lock in your Austin mortgage rates
With yields near record lows and mortgage pricing at or near the best levels in some time, its fool’s gold not to lock in your Austin mortgage rates. If traders jump the sell side, we see the trade to be shallow, say .50 bps worsening to mortgage pricing as cross currents from around the globe will still be there to support fixed income products.
Employment report over 250K should give stocks a lift and punish our pricing for about .25 to .50. Anything less than 50K would hold Austin mortgage rates steady and probably put another whippin’ on stocks
Over 250K should give stocks a lift and punish our pricing for about .25 to .50. Anything less than 50K would hold Austin mortgage rates steady and probably put another whippin’ on stocks. With all that is moving markets these days, only the almighty know where we’ll be this time tomorrow. Best bet for borrowers is to lock your interest rate NOW and buckle up! Should be a wild ride.