Although rates on other instruments appear to be firming up and even rising, it seems that mortgage rates are very close to moving substantially lower. Keep an eye on that topping pattern.
Lower Mortgage Rates
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Don’t Be So Negative
It took many years, but Japan’s bond market has finally gone non-insane.
Bonds Break Down
All eyes are on Jerome Powell for Wednesday. I bet the man cannot WAIT to hang up his FOMC badge and get out of there in a few months, making way for the grinning, brown-nosing sycophant Kevin Bennett to get in there to push rates too low and wreck the economy completely. In the meanwhile, bonds continue to go precisely the OPPOSITE direction you’ve expect.
Modern Maturity
Next Wednesday, the FOMC will make its last announcement of 2025 The nearly universal consensus is that they will cut interest rates another quarter-point. As a chartist, I’m finding the interest rate market quite interesting since short-term rates seem poised to keep collapsing, yet the longer you go out, the more stubborn they appear to be. Here, for instance, is the one-month rate, which spiked massively higher for has been in a near free-fall lately.
At Any Rate….
Judging from the charts below, I’d say anyone anticipating a steady series of rate slashes for months to come is delusional. On the contrary, it looks like rates are about to push HIGHER, which should just thrill President Brainiac. We just have to get next Wednesday’s performative clip out of the way.
