Mortgage Rates 05-15-17

By Lisa Robison Updated on 5/15/2017

Last Friday marked a potential change from the past higher rate trend that we've seen since mid-Spring. We see that 10 year yields are now below the notable trendline. We see the same happening with the middle Bollinger Band. However, we have to remember that the overnight activity in the European market did little to improve the previous Friday's yields. All eyes are eagerly awating to see if there is a break in these lows.

Normally we see relief in the sense of events, but as of yet there are no big ticket events that could spark a change. No activity leaves the market in the hands of random and aggresively marketed healines and trader positioning which is an uneasy position.

 

 

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