Mortgage Rates Topped out
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.
Note topped out does not mean it will collapse. it will take time for rates to drop further.
Note
BINGO!!Note
Mortgage rates continue to fall as expected.Transaction en cours
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.
Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.