You are currently viewing Market Snapshot March 24, 2021

Market Snapshot March 24, 2021

house external

Good Morning on this best day of the week Wednesday,


Bonds are fairly flat this morning, although the news was bond friendly, with Durable Orders missing by a long shot. Durable orders were actually NEGATIVE his month, coming in at minus .09%. Bonds have moved firmly off what now seems to have been a bottom. I am still focused on the 10-yr technical to offer direction. Right now the 10-yr is at 1.64%, we need to close below 1.62%, then 1.59% to hit our third line of resistance of 1.50%. Although it feels like it’s been a straight line up and for the most part it has been, I do not expect it to be a straight line down. I would not recommend floating/waiting for lower rates, as lower rates will happen over the medium term, not necessarily the short term, unless the 10-yr trades below the aforementioned resistance. We have improved more than .125% in rates from last week. It is time to consider locking a good portion of your loans.


Please remain safe and healthy, make today great.