The price of mortgage backed bonds has dropped off of the table which means that mortgage rates are up. They are now trading way below the 200 day moving average (pink line). Hopefully we will see a correction after christmas that will get us back up over the 200 day moving average. Merry Christmas!
Tuesday, December 22, 2009
RateWatch 12-22-2009 Opening Graph
The price of mortgage backed bonds has dropped off of the table which means that mortgage rates are up. They are now trading way below the 200 day moving average (pink line). Hopefully we will see a correction after christmas that will get us back up over the 200 day moving average. Merry Christmas!
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About Me
- David Kimmer
- Beaverton, OR, United States
- David is a loan officer for American Pacific Mortgage. He has worked in the lending industry since 2000. Prior to that he invested 19 years in the insurance industry. He enjoys helping people finance the purchase of their dream home.
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