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fomc minutes

Home > Posts > Tag: fomc minutes

Post-FOMC meeting release

Post-FOMC meeting release: Market is quiet with the 10 year note slipping a little, now up 3/32’s to yield 3.37%. Mortgage backs are still at plus 1/32nd, holding their own. Stocks making a comeback with the Dow down 55 points and the Naz off 13. Markets are as nervous as cat so be careful out there.

2010-05-19T16:53:27-05:00May 19, 2010|Austin Mortgage Market|

Really, the market is marking time, ready to grab a turkey leg and a cold one

From the technical picture, the chart is content to hang out near the highs (low yield mark) but cannot take it out. The downside (selling) has been limited as well with the regression line since October supporting the market as well as the 8 and 21 day moving averages. We call this a goldilocks market, not to hot, not to cold, but just right. Really, the market is marking time, ready to grab a turkey leg and a cold one.

2009-11-24T21:35:06-06:00November 24, 2009|Austin Mortgage Market|