With all due respect to my MLO colleagues….

The above charts are of the US Treasury ten year note, upon which all mortgage rates are based.

They are a monthly, weekly, and daily chart and they are pointing to higher yields on that instrument.

With all due respect to my colleagues, I’m having a hard time understanding why so many mortgage pros are calling for rates back in the 6s.

If I was thinking of making a large purchase using a lot of borrowed money, I’d be thinking of getting it done sooner rather than later.

Home prices are still going up a bit, rates imho are going up, and by waiting you are burning daylight on your building equity thesis.

If I’m wrong and rates come in, you can always refi and gloat at me.

Peace.