Mortgage Rates Topped out

١٨ ديسمبر ٢٠٢٣

Unless we get one more up for a double top, mortgage rates have topped out after breaking bearish rising wedge structure.

Note topped out does not mean it will collapse. it will take time for rates to drop further.

٥ يناير ٢٠٢٤

ملاحظة

BINGO!!

٢٢ يناير ٢٠٢٤

ملاحظة

Mortgage rates continue to fall as expected.

١١ يناير

تم فتح الصفقة

Dec 2023 I called the top in mortgage rates. 2 years later I was right.

However, I have to change my position because of recent events, such as Trump being elected and his tariffs or self-imposing taxes on Americans, along with tax cuts for corporations, etc.. the inflation outlook has changed dramatically. The market is also sensing this as we now have a complete rate divergence.

FED is lowering rates while the free market is raising rates on the long end. I am removing my position that we topped out in rates.