It was a bit of a crazy trading day. But at the end of the day the price of the 4.0% coupon closed up just a little from where it opened. The problem is that it as you can see, it opened quite a bit down from yesterday's close. We are now trading below the 10 day moving average. I hope it will stay flat and not move down any further as that will cause mortgage rates to rise.
Thursday, December 3, 2009
RateWatch 12-3-2009
It was a bit of a crazy trading day. But at the end of the day the price of the 4.0% coupon closed up just a little from where it opened. The problem is that it as you can see, it opened quite a bit down from yesterday's close. We are now trading below the 10 day moving average. I hope it will stay flat and not move down any further as that will cause mortgage rates to rise.
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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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