I switched to the 3 month graph today so you can see that mortgage backed bonds are trading at their lowest level in at least 3 months. They are also trading below the 200 day moving average (pink line). Things have sure changed since Thanksgiving. I expect a correction up into the 100.8 or higher level after things settle down after the holidays. Durable goods and jobless claims will be released tomorrow.
Wednesday, December 23, 2009
RateWatch 12-23-2009 Opening Graph
I switched to the 3 month graph today so you can see that mortgage backed bonds are trading at their lowest level in at least 3 months. They are also trading below the 200 day moving average (pink line). Things have sure changed since Thanksgiving. I expect a correction up into the 100.8 or higher level after things settle down after the holidays. Durable goods and jobless claims will be released tomorrow.
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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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