Tag Archives: Inflationary

Are They Taking the Punchbowl Away???

july10

Click here to find out where we are headed with Mortgage Rates!!!

 

 

Market Update 7/1/2014…Slipping out?

Click here to get the update!!

Week in Preview 8-29

This is going to be one of those strap in and hold on kind of weeks.   More economic news than should be allowed in one week, started today.  It all comes together on Friday with the Jobs Report and Unemployment Number. Mortgage bonds are off this morning, on rising inflationary numbers.  I suggest carefully floating today, but being prepared to lock at a break below the S1 level outlined in the charts.  Watch the video.

 

ALERT TO LOCK

Alert to Lock the MBS broke below the 200 day moving average, on rising inflationary news. Tomorrow we have the CPI numbers which could further erode the bond market given that we did fall through that 200 day floor.  To exasperate the issue we fell off the Up Escalator, putting a short-term end to our rate rally.