Chart, courtesy of Freddy Mac

 

The black solid line above demonstrates a resistance line where I predict

interest rates will bounce back up. After that, it's anyone's guess where

they go. 

 

Given the recent volatility of the 10-year Treasury yield, it's not

surprising that mortgage rates have dropped again. These low rates

combined with high consumer confidence continue to drive home sales

upward, a trend that is likely to endure as we enter spring. Check to see

if a refinance makes sense for you, HERE!