Comments on: What the heck are ‘technical trading patterns’?

By: My Mind on Mortgages » Mortgage Rate Update January 14, 2011

My Mind on Mortgages » Mortgage Rate Update January 14, 2011 — Fri, 14 Jan 2011 16:31:56 +0000

[...] Mortgage rates are better this morning. Rate continue to bounce between technical layers of support and resistance. [...]

By: My Mind on Mortgages » Mortgage Rate Update January 11, 2011

My Mind on Mortgages » Mortgage Rate Update January 11, 2011 — Tue, 11 Jan 2011 16:17:09 +0000

[...] interest rates are having trouble moving below technical levels of resistance. I thought that yesterday’s flight-to-quality in the financial markets caused by [...]

By: My Mind on Mortgages » Mortgage Rate Update December 20, 2010

My Mind on Mortgages » Mortgage Rate Update December 20, 2010 — Mon, 20 Dec 2010 16:05:43 +0000

[...] took longer than expected but mortgage rates have reversed lower as technical trading patterns suggested they would. However, the technical support appears to have worn off so now we’ll have [...]

By: My Mind on Mortgages » Mortgage Rate Update December 17, 2010

My Mind on Mortgages » Mortgage Rate Update December 17, 2010 — Fri, 17 Dec 2010 16:28:43 +0000

[...] bond market finally reacted to technical trading patterns yesterday and mortgage rates have improved. Since Wednesday’s close mortgage-backed bonds [...]

By: My Mind on Mortgages » Mortgage Rate Update December 16, 2010

My Mind on Mortgages » Mortgage Rate Update December 16, 2010 — Thu, 16 Dec 2010 16:25:47 +0000

[...] Despite technical trading patterns which show that mortgage-backed bonds (MBS’s) are acutely oversold mortgage rates continue to push higher. In the past whenever MBS’s have traded sharply in a short period of time like this we’ve seen a reversal but at this time momentum is working against us. [...]

By: My Mind on Mortgages » Rate Update December 9, 2010

My Mind on Mortgages » Rate Update December 9, 2010 — Thu, 09 Dec 2010 16:08:19 +0000

[...] bonds (MBS’s) are technically oversold this morning. So far MBS’s are responding to technical trading patterns which is why mortgage rates are slightly better. We thought this might take place and switched to [...]

By: My Mind on Mortgages » Rate Update November 16, 2010

My Mind on Mortgages » Rate Update November 16, 2010 — Tue, 16 Nov 2010 15:54:45 +0000

[...] are trading in positive territory this morning on technical trading support and economic [...]

By: My Mind on Mortgages » Rate Update October 27, 2010

My Mind on Mortgages » Rate Update October 27, 2010 — Wed, 27 Oct 2010 15:09:15 +0000

[...] to a shift in sentiment so I still believe that it rates could reverse back .125%-.25%. But, the technical indicators suggest we could have seen the last of 30 year fixed mortgages below [...]

By: My Mind on Mortgages » Rate Update September 15, 2010

My Mind on Mortgages » Rate Update September 15, 2010 — Wed, 15 Sep 2010 14:54:25 +0000

[...] Unfortunately interest rates have not benefitted as much. Both the 10-year Treasury note and mortgage-backed bonds (MBS’s) are trading up against technical resistance. [...]

By: My Mind on Mortgages » Rate Update September 14, 2010

My Mind on Mortgages » Rate Update September 14, 2010 — Tue, 14 Sep 2010 14:33:41 +0000

[...] 3 trading days of heavy selling mortgage-backed bonds (MBS’s) caught technical support yesterday which is carrying over into today despite better than expected economic [...]