Unless we get one more up for a double top, mortgage rates have topped out after breaking bearish rising wedge structure.
Note topped out does not mean it will collapse. it will take time for rates to drop further.
Good Morning!
It certainly makes sense for #mortgagerates to follow the bond counterparts & go lower
The monthly chart shows the RSI weakening as it chugged higher.
LONG term, the 3rd chart, we see that rates overcame a STRONG RESISTANCE area & long downtrend, white line. We will soon see if it'll hold that new support, white line.
#RealEstate #InterestRate
30-Year Fixed Rate Mortgage Monthly
Well I guess I'm glad my mother-in-law's basement isn't a total dungeon.. What's sunlight? I'm familiar with grass because that's eye level when I'm looking out our window. Big brother JP, the head of the Fed, says rates aren't going anywhere any time soon, and we've all heard the fear mongering of 8% mortgages coming. Why...
I thought I would publish this "guess" for the sheer entertainment value to show the dramatic increase in mortgage rates and to put in perspective the damage that has likely been done to the purchasing power of home buyers.
The Fed has engineered an attempt to shut down an excessive spending to cool the economy down and we are all waiting for reverberations to...
Since Fed's tapering began in the end of 2021, mortgage figures have been in a mark up phase. There is still no indication of a correction. As a result of it, housing prices may not find support for new high levels. Monthly price changes in the negative territory are supporting this idea in the last months.
However, the year over year housing price changes are...
I am posting so you get the clear picture of what is ahead and just started . remember I stated HOPE well she is a girl in the lifeboat who just used the last of the fresh drinking water to wash her hair !! I stand by my work and DATA to back it up all 120 years of it !!!!
The Fed money tightening policies are using interest-rates as a lever to fix a balance sheet problem.
Higher rates feed right back into the CPI, initiating the doom loop.
After the financial crisis of 2008, The Fed employed a policy action to reduce the federal funds rate to a range of 0-0.25% for seven-(7) years, during which time the CPI fell.
Post-pandemic...
I would like to give credit to the TradingView user 'jscheurichiv', who suggest me to add the US30Y mortgage rate to this serie of ideas titled "Crash Incoming". As in the previous 3 ideas, it seems to be a relation between the previous big 3 crashes with a strong line of resistance (in red in the chart). Should we assume that the recent 15% correction was that...
Homies and the like are due for a correction of extraordinary measures.
Count on it.
Plan for it.
Move the hell out of the way of it.
Or Don't.
Housing won't hold on much longer prior to the downdraft.
It rolled over in Mid April but did not show until May.
New stimmy checks on the way!
With the mortgage rates rising and the inflation rising, the disponal rent declining, it's about time that we see the delinquency rates climb. That's when they'll have to activate the brrr again
- 30y mortgage interest rate breaking a 40yo trend.
- MBB down while being used by big players as collateral.
- DXY breaking a 40yo trend (not in the chart) can cause bond defaults around the world.
- Fed has only started raising rates.
* If MBB keeps going down, might see some marge call and flash crashes in the market.
* If MORTGAGE30 keeps going up, will...
The monthly chart for US 30-year mortgage rates is exploding higher at a rate not seen since the 1970s. This chart shows that monthly rates are following the 3rd standard deviation higher, which is an extremely rare rate of increase.
The Commodity Channel Index (CCI) is shown at the bottom of this chart. The CCI is a momentum oscillator used in technical analysis...
