Mortgage Rates Awaiting Direction
We are recommending locking into mortgage rates, as our charts show that mortgage rates could move higher, after the bond market failed to break above the 25 & 50 day moving average and have broke below their lows set on Wednesday.
The next floor of support, which is likely to be tested, is another 10bp beneath present levels at 102.766. Support will likely be tested before Bonds start to move higher again.
Position Locking
Mortgage Bond Chart Sept. 18 2020
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15 Year Fixed Rate 1.875%
*APR 2.17%
30 Year Fixed Rate 2.50%
**APR 2.66%
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No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees
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Contact us at 877-794-5363 (Lend)
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John Sauro
Phone: 1-877-794-5363
Direct Line 914-764 3261
Email: johnsauro@gmail.com