Texas Mortgage Chart: What are 30 and 15 rates doing?

Sometimes seeing a mortgage chart helps us to see what the market is doing in general.   Today’s mortgage chart is below.  For 3/25/2010

By the way we do mortgages all over the country now…we are lic in 47 states so call us for your free quote!

You’ll notice I look at specific type of mortgage chart called a candlestick chart.  This type of chart helps me see now only what the market is doing but it shows the daily bond/stock movement. 

(http://en.wikipedia.org/wiki/Candlestick_chart  for those who want to know more about Candlestick charts.)

For example, you’ll see yesterday mortgage rates went up.  There was a huge jump in mortgage rates because the bond rates went higher.  Mortgage rates go up when the stock market goes down.   http://library.hsh.com/read_article-hsh.asp?row_id=85

The white bars indicate a move UP and the blue bars indicate a movement down.     

http://finance.yahoo.com/q/bc?s=%5ETYX&t=6m&l=on&z=m&q=c&c=

http://www.mylendingplace.com/