Last weekly update of the year!

By
Mortgage and Lending with Finance Of America NMLS #311662

In the News

 

We have a short week to end 2021. Nothing crazy. Get a look at some housing numbers. Here is what’s coming up -

 

Tuesday

  • US home price index (YOY)

 

Wednesday

  • Pending home sales

 

Thursday

  • Initial and continuing jobless claims

 

Chart Check

 

We are continuing through our wedge. This looks like a bullish wedge pattern, which will be good for rates in the short term. Either way, once we reach the vertex, we will have a breakout soon thereafter.

 

Something interesting to note is that it looks like we have a bottoming out of the 50-day moving average (black line). Remember, it confirms a bull market when the 50 DMA crosses above the 200 DMA. I’ll be keeping a close eye on this as it finally seems we may have some activity in our favor.

 

 

I hope everyone has had a wonderful holiday season so far and is gearing up for a fun, safe New Year.

 

As always, please feel free to reach out anytime. I’m always here to help!

 

That’s it for me now, see you in 2022!

Posted by

Matt Brady

Builder Sales Manager, NMLS ID#311662

(858)342-8659 cell |844-268-1952 fax

mabrady@financeofamerica.comfamadvisor.com/matthewbrady   
8885 Rio San Diego Dr │ Suite 201  San Diego, CA 92108     

 

BIA SanDiego 19 year Member and P2 Sponsor

 

BIA SMCBoard Member since 2012

 

 

 

 

Comments (1)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Matt, my local lender said the rates have jumped significantly this week.  Not good news for buyers.

Jan 21, 2022 07:39 AM