Yep, lower mortgage rates for 2019
Updated
10 year yield is dropping with a quickness to match only stock sell-offs.
Might be a good time to look at some REITS? Rates look to me like they will decline for the next 2-3 years.
Yields hit .382 fib support today and bounced very slightly higher.
News of the end of the Gov shut down could provide the catalyst needed to send yields back to .236 level (2.80%), especially if combined with "favorable" "CHINA!" news.
Such a bounce will be temporary and yields will continue to drop lower. Zoom out and you can see we're on a 35+ year trend of lowering rates.
Next support fib is 2.29 followed by a more significant one at 2.06.
Strongest support at 1.75 where we have fib, gann fan and support/resistance trends all converging.
Might be a good time to look at some REITS? Rates look to me like they will decline for the next 2-3 years.
Yields hit .382 fib support today and bounced very slightly higher.
News of the end of the Gov shut down could provide the catalyst needed to send yields back to .236 level (2.80%), especially if combined with "favorable" "CHINA!" news.
Such a bounce will be temporary and yields will continue to drop lower. Zoom out and you can see we're on a 35+ year trend of lowering rates.
Next support fib is 2.29 followed by a more significant one at 2.06.
Strongest support at 1.75 where we have fib, gann fan and support/resistance trends all converging.
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Still heading lower!Current yield is between .23 and .38 retracement levels with 2.52% representing .382 level.
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Right on target and time frame :)Note
Spot on! Monthly view with the candle now red.Going lower!!
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