Mortgage Market Guide Candlestick Chart
Mortgage bond prices determine home loan rates. The chart below is a one-year view of the Fannie Mae 30-year 6.0% coupon, where currently closed loans are being packaged. As prices move higher, rates decline, and vice versa.
If you look at the right side of the chart, you can see how prices have declined to the lowest levels since July 4th, meaning these are the highest mortgage rates since July.
You can also see the “levees” or ceilings of resistance (yellow lines) which are preventing prices from moving higher and rates moving lower.
Chart: Fannie Mae 30-Year 5.5% Coupon (Friday, January 10, 2025)
I am sharing information regarding the mortgage rates, compliments of Katie Gerken of Guild Mortgage
Please call The MOHR Group for all your Real Estate Needs! 602-980-7653
