MyVaRefinance
  • HOME
  • ADVANTAGES OF VA LOAN
  • VA STREAMLINE REFINANCE
  • GET A QUOTE
  • BLOG
  • TESTIMONIALS

va mortgage rates information

4/20/2010

0 Comments

 
Different day - same story.  I continue to believe the trend trajectory of mortgage interest rates will be completely dependent on trading action in the stock markets for at least the next couple of days.  It will almost certainly be an event that provides the momentum necessary to push mortgage interest rates to lower levels -- rather than anything on the balance of this month's economic calendar.   

A little counter-trend rally is now underway for the DOW and the NASDAQ will likely begin to run out of upward momentum on Wednesday or Thursday. 

Here's where things get interesting. 

If the DOW and NASDAQ rally strong enough to close above their previous respective highs of 11154 and 2517 - the upward pressure on mortgage interest rates will intensify considerably.

On the other hand, if both indexes rally but fail to take out their previous highs before turning lower - it will be a very positive development for the prospects of steady to fractionally lower rates ahead.

It is a close call - and the jury will be out on this one potentially through the end of the week.  The easiest way to make money in this business is not to lose it to start with.  Be disciplined enough to wait for forthcoming price action to signal the mortgage market's directional intentions - and avoid the temptation to take pipeline risks while simultaneously attempting to hope and wish the mortgage market into moving in favor of lower rates and higher prices. ---     
0 Comments

    Archives

    December 2013
    August 2013
    July 2013
    May 2013
    February 2013
    December 2012
    November 2012
    September 2012
    April 2012
    December 2011
    November 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    July 2010
    June 2010
    May 2010
    April 2010
    March 2010
    February 2010
    January 2010
    December 2009
    November 2009
    October 2009
    September 2009
    August 2009
    July 2009
    June 2009
    May 2009

    Categories

    All
    Home Loans
    Irrrl
    Mortgage Rate News
    Refinance
    Va Loan
    Va Loan Rates
    Va Loans
    Va Mortgage Loan
    Va Mortgage Rates
    Vamortgage Rates
    Va Refinance

    RSS Feed