Market Breaks Through Resistance - Rates Improve Yet Again

Rates are great this morning... 4.25% currently coming at a base cost of .319 on a 15 day lock, and .570 on a 30 day lock.... (APR 4.528%) this is some of the best pricing if not the best pricing all year. What brought rates down this morning?

Yesterday we successfully broke through the 103.00 resistance we were facing; and this morning those gains were supported with new profits bringing our market up an additional five ticks. Today is far from over, but considering today is a soft day in the equities markets, and the treasury yields are behaving and staying low, it would seem today will end profitably.


I am optimistic this week and expect rates to stay low and may even fall a little lower. Despite this sentiment, considering where we are, we must acknowledge that a sell off can ensue at any point in time... be prepared to lock.