Get Your Mortgage Phil: Stocks Tumble this week as predicted and send mortgage rates lower!

Stocks Tumble this week as predicted and send mortgage rates lower!

I hate to say I told you so but this week was how I saw things happening by looking at the chart of IWM and TLT about a week ago in two of my previous blogs.

See here what I saw looking at the IWM chart.

Here is what it looks like one week later.

 

 

From here a bounce is likely but I don't think we will be seeing new highs any time soon.

 

Mike

Michael Cantwell

Sales Manager & FHA 203k and Conventional Renovation Specialist for Wells Fargo Home Mortgage and Illustrated Mortgage - Palm Beach Gardens, Florida

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1 comment • Michael Cantwell • May 09 2010 09:22AM

Comments

Well lower mortgage rates are good for us!  I am hoping that gas prices do not go through the roof.  That could hurt our economy, stocks and housing sales quite a bit in the near future.

Posted by Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com (BrokerThe Force Realty-REALTOR-Estate-Probate-REO-Short Sale) over 1 year ago

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