This one surprises me a bit, mortgage rates lowest ever, there will be tons of loans that will be refinanced.
Charts seem to indicate it's headed towards the next support though.... we'll see.
Charts seem to indicate it's headed towards the next support though.... we'll see.
Note
I want to point out that the market has already priced in another 50 pt cut AFTER the emergency rate cut, see my US01Y plot.If the Feds cave in to the market again and cut 50 pts, we're looking at even lower mortgage rates, and we hit record lows today.
I only have $128k left in my mortgage, but might be worth refinancing anyways, lol.
Note
Energy sector loans are a huge concern apparently. Every bank with exposure is tanking:marketwatch.com/story/you-should-avoid-shares-of-these-banks-with-too-much-oil-and-gas-exposure-2020-03-09?siteid=yhoof2&yptr=yahoo
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.