A market technician just used this chart on CNBC. While I disagree that its a true inverse "head and shoulders" pattern, I've drawn the red trend line on it. And that's why I believe it rises to 4%+. It's clearly broken its downtrend line and rates are in a new uptrend.

Comments
No. 1-2
Sean Hyman
Sean Hyman

Editor

At one point today, it topped 3%. But the most important part is that the trend for interest rates is upward. That can slow housing, businesses, the economy, etc in time just by itself.

WRobbins36
WRobbins36

Are we still under 3% on this chart? I can't tell...

Stories