Tag: technical trading patterns
Rate Update November 10, 2008
Mortgage rates are modestly higher this morning. Mortgage-backed bond prices continue to walk a tight rope along the 200-day moving average. This important level of technical support/ resistance is what we’ll have our eye on over the course of the next few days. If mortgage-backed bond prices can manage to remain above this level then [...]
Posted: November 10th, 2008 under Rate Update.
Tags: China, GM, mortgage rates, stimulus package, technical trading patterns
Comments: none
What the heck are ‘technical trading patterns’?
If you’ve been an avid reader of ‘rate update‘ then you know that I often refer to ‘technical trading patterns’ (TTPs) as a factor that can have a major influence mortgage rates. Typically TTPs have the most impact when the markets lack new economic data and/ or significant stock market momentum. However, very few people [...]
Posted: October 31st, 2008 under Economics & Interest Rates, General Mortgage Info., Rate Update.
Tags: MBS's, Mortgage backed bonds, mortgage rates, predicting mortgage rates, technical analysis, technical trading patterns, TTPs
Comments: 53