MBS Day Ahead: Rate Rally Keeps Knocking, but is Anyone Home?

Hot news from AZ Home Help:

Posted To: MBS Commentary

It's a very interesting time for interest rates in the US. Once again, what had been broad consensus on the long-term direction of rates is turning out to look like something less than a sure thing. But unlike 2014, there's no great reason (like European QE) to dismiss the risks that the consensus is correct just yet. We're getting close though. Rates reached the top of 2015's uptrend for the second time in June, and have since battled back all the way to the other side of the trend. They're now colliding not only with the lower bound of the uptrend, but also with a few moving averages (most notably, the 200-day) and the important 2.14 inflection point. Support is only 4 small bps away, meaning a break above 2.20 would threaten the more recent downtrend in rates (intact...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/501282.aspx

- For more real estate news visit our website at http://www.AzHomeHelp.com