Rates have moved from the bottom of the this 6 month channel to the top in a one week time period. The 10 year treasury a great indicator for mortgage rates has a yield of 1.8% at these 6 month lows and 2.1% at its highs 6 month highs. No sustainable break of this numbers has occurred in the last 6 months and I don’t expect one now. But we are at that key level of 2.1% today and any break above that area creates concern that rates could move higher. On the whole rates are still at a historically low level. Make sure you have taken advantage of this incredibly rates by giving us a call to see how they could save you money.