The Fannie Mae 30 year 4.0% coupon opened slightly down this morning. I think we are into a new trading range between the yellow line (99.00 30 day moving average) and the blue line (99.6 10 day moving average). I think that if we are down near the blue line you are probably safe to float and if we are up near the blue line you should take the money and run (lock).
Wednesday, December 9, 2009
RateWatch 12-9-2009 Opening Graph
The Fannie Mae 30 year 4.0% coupon opened slightly down this morning. I think we are into a new trading range between the yellow line (99.00 30 day moving average) and the blue line (99.6 10 day moving average). I think that if we are down near the blue line you are probably safe to float and if we are up near the blue line you should take the money and run (lock).
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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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