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Mortgage Rates have fallen & at major support

30-Year Fixed Rate Mortgage Average in the United States (FRED:MORTGAGE30US)  
ROYAL_OAK_INC  
FRED:MORTGAGE30US   30-Year Fixed Rate Mortgage Average in the United States
Trend Analysis Chart Patterns Technical Indicators MORTGAGE30US mortgages bonds realestate housingmarket
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trendanalysis chartpattern indicator mortgage30us mortgages bonds realestate housingmarket
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
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