bkinniry
Short

To Lock a Mortgage Rate or Not in The Short Term

TVC:TNX   CBOE 10 YR TREASURY NOTE YIELD
The 10 YR Treasury Note Yield appears to have met strong resistance near the 3.0 mark and is starting to roll over on the weekly charts. Notice the RSI above 70 and starting to hook downward. Every other time the RSI rolled over at or above 70 for the last decade, the trend was down shortly afterwards. The next likely support is at the 2.5 area, which by then the rates should have come down by at least 1/8th percent on average across the different mortgage products.

Do your own due diligence. This is not investment advice, but is only my observations and opinions.

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