Market Comment
There has been much greater volatility lately in the Mortgage Bond market, with large price swings in both directions.
It's no coincidence that the volatility has increased just after the Fed exited their buying program. And the absence of the Fed's steady hand is being felt again this morning, as we've already seen a gap open higher in pricing.
I recommend floating for now, but be prepared to lock if today's Treasury auction negatively impacts Bonds. And don't forget, this is the last week to take advantage of the Homebuyer Tax Credit. Contact me to qualify before it's too late.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
It's no coincidence that the volatility has increased just after the Fed exited their buying program. And the absence of the Fed's steady hand is being felt again this morning, as we've already seen a gap open higher in pricing.
I recommend floating for now, but be prepared to lock if today's Treasury auction negatively impacts Bonds. And don't forget, this is the last week to take advantage of the Homebuyer Tax Credit. Contact me to qualify before it's too late.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
Good thing you have done here, Thanks! This is a pretty up beat post about real estate that I am quoted in.
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