Time to lock on improvement at Choicelend.com
The 10 yr at 8:15 +8/32 at 3.24% after completing a 50% retracement from the recent low to the recent high. Technically the market is poised to bounce, it is extremely oversold after the huge and rapid climb in rates over the past three weeks. In plain english, mortgage rates are improving today and likely to continue to improve in the next few days. Still bearish, we suggest you lock now.
Art Bermudez has written 55 articles on Choicelend.com
