Wednesday 8/13 .. Still "taking it all in"
By:
Matthew Graham
•
We've held a fairly nice upwards trend channel so far this morning (graph to follow), in which we are currently testing the lows. If we fall out of that trend channel, those who are unconvinced of a rally tomorrow might consider locking with this morning's rate sheet.
As far as lenders that have priced already, it's likely that if we can merely maintain our sideways gains this AM that we could see another eighth later in the day.