It appears that the 10 Year Treasury has bottomed and interest rates are poised to move higher. There seems to be resistance at 3.00 percent and 3.125 percent. Once these areas are exceeded, we should be looking for higher interest rates. An increase in the ten year treasury rate is likely to force mortgage rates higher.
This interest rate series should be watched closely in the weeks ahead
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 Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
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