cindymoynihan.com

Watching interest rates the past few days is similar to watching a ping pong match, although instead of watching the ball move quickly from side to side this ball is moving rapidly up and down. The bond market is moving between resistance and support between 50 and 200 day moving averages.  That’s a lot of movement in a short amount of time.  What does this mean to you? If you are watching rates to refinance – lock in when the rates see some improvement because the next day it’s likely to be gone. In my opinion, take the week off.  Enjoy the Holiday season and start watching rates again January 4th. It’s likely to be a wild game for the next two weeks.