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The past 3 days, the Resistance top has held steadfast, now creating a double top, which is even more difficult to move through. Where as sometimes rates will stay and linger at the top before pushing to the next level, today's indication is that there is still enough doubt in the world's economy that rates will soon again be heading back towards the 3.75% to 4% range from it's current rate of 4.25%, thereby creating a continuation of a low interest rate environment. Perhaps the world economy had nothing to do with it, and instead the FED stepped in these past 2 days to once again prevent a selloff in the rate. That kind of information is never shared. These indications are valid regardless if you are buying an Oregon Home Loan or a California Home Loan.


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