Danny Salas

Chico, CA Interest Rates Market Report – Economic Influences – February 2, 2010

This Is Almost Exactly What Bond Charts Look LikeDayJobs Numbers Will Direct Rates

Friday is going to be the big day, this week.  And by Big, it could be BIG!  Here’s the “sitch:”  Mortgage-Backed Securities have been shifting back and forth between a tight area between two heavy lines of resistance, and one strong line of support.  The 50-Day and 100-Day Moving Averages have been keeping interest rates down, and the 200-Day has really help support lower rates (with a little help from the 25-Day and 40-Day Moving Averages).  With Friday’s employment numbers, rates could take off in either direction.  However, there is currently a feeling of bias toward higher rates…particularly with the dual layer of resistance.

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This entry was posted on Tuesday, February 2nd, 2010 at 10:13 am and is filed under Chico Home Loans, Home Buying, Interest Rates, Weekly Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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