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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|