Wanted to get this out quickly as a worsening Austin mortgage price change is right around the corner. As I mentioned yesterday, the risk reward of borrowers waiting to lock their mortgage rates based on expectations of better mortgage pricing are at the present, fool’s gold.
Just a heads up as stock traders have put a positive spin on the Euro Bank stress tests. Currently, the Dow is 90 points with financial equities having a pretty good day.
Probability of a worsening Austin mortgage price change is gaining. Nothing huge, just volatile. As I mention late last week, borrowers should be careful as the market continues to churn on headlines from out of the blue!
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.
Just a quick note as the day (and the market) [...]
