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!
