Not to get all technical on you, but pricing on the 30 year loans on Wall Street has dropped down below the 100 and the 200 Day Moving Averages over the last seven trading days. These imaginary lines on computer screens form floors and ceilings of resistance to keep prices within a specified range, and once they are pierced, serve then as a new ceiling or floor to keep pricing within that range. Because pricing moves inversely proportionate to rates, a lower price trend means that rates are heading upward.
