Mortgage rates are looking as if they are about to get another drop, on dally chart. Daily not seen here. Please see profile for more information. The monthly chart looks like a Head & Shoulder pattern. Interesting. Could we be seeing a huge drop in #interestrates soon? Must keep an👀on this!
Good Morning! It certainly makes sense for #mortgagerates to follow the bond counterparts & go lower The monthly chart shows the RSI weakening as it chugged higher. LONG term, the 3rd chart, we see that rates overcame a STRONG RESISTANCE area & long downtrend, white line. We will soon see if it'll hold that new support, white line. #RealEstate #InterestRate
30-Year Fixed Rate Mortgage Monthly Well I guess I'm glad my mother-in-law's basement isn't a total dungeon.. What's sunlight? I'm familiar with grass because that's eye level when I'm looking out our window. Big brother JP, the head of the Fed, says rates aren't going anywhere any time soon, and we've all heard the fear mongering of 8% mortgages coming. Why...
The Fed money tightening policies are using interest-rates as a lever to fix a balance sheet problem. Higher rates feed right back into the CPI, initiating the doom loop. After the financial crisis of 2008, The Fed employed a policy action to reduce the federal funds rate to a range of 0-0.25% for seven-(7) years, during which time the CPI fell. Post-pandemic...