The failure of the market to hold yesterday’s gains suggest we are building on a bearish continuation pattern. English translation is one of caution, telling us it’s time to be defensive. We expect the new range on the 10 year to be 3.34% to 3.48%. Expectations for worsening Austin mortgage pricing is quite high so take cover.
What will this mean to our Austin mortgage rates and Austin mortgage pricing? As always, this number is a market mover and not for the faint at heart.
Once again, it’s time for the “Mother” of all economic [...]