Mortgage Rates Avoid More Pain, Even If Only For Today
This Newer, Unfriendlier Trend Arguably Tried to make an Appearance in Mid September, but Was quickly Shut Down as Rates Nearly Returned to the Super-Long-Term Lows seen earlier That Month.
Notably though, they failed to make it all the way back down to those lows, and that can be an Early warning sign of a shift in the bigger picture trend. As this drama unfolds, there will be Bad days and good days. By merely holding in line with Friday's latest levels, today was one Of the good days.
If it's joined by more and more good Days, perhaps our guard can be lowered. But until then, It's just a small battle that happened To go our way as the tide of the broader war may be Turning against us.
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