September 14, 2021

What's going on and what it is doing to mortgage rates:

Mortgage bonds held at their 100-day Moving Average this morning and with a move higher today have broken above their 30-day (better interest rates) with news of recent inflation being "transitory".  I'm not sure if I trust the transitory notion yet, but the markets are liking it and that's positive for mortgage rates.

My focus will turn to the 10-year Treasury.  It has broken beneath a few significant floors of support and if it opens below these tomorrow, we could see some reversal of the mortgage rate increases we've seen recently.

Please contact us for more info on how mortgage bonds and mortgage rates are performing. This is updated once weekly.  For current day technical information,  see Today's Market Update.

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