Mortgage Secrets…Learn What the Experts Say

After four days of downward pressure spurred on by persistent global inflation fears coupled with high energy prices, Mortgage Bonds may have found a bottom at an important floor of support at the 200-day Moving Average. It is amazing how often accurate technical signals are. Once the triple-layer floor of support was broken, the same level has acted as a ceiling. And prices have drifted down to find the next floor of support at their 200-day MA. It is now likely that we will see some recovery in bond prices off of this strong floor of support.