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I think that we can learn a lot by looking for patterns.  For example, from working in the same office building for the last 13 years, I have noted that it’s growing nearly impossible to turn left out of my building and onto State Street between 5:00 and 5:30 PM.  As a result, I either cut out early or stay late.  Looking at the pattern of the 10-Year Treasury Note Yield over the last 55 years, it has traded in a clearly defined downward channel for the most recent 35 years.  It’s possible that the yield continues to decline, but it’s more probable that the pattern is going to break to the upside in the next few weeks to months.  Currently, that red boundary to the north lies at 2.635%.  The 10 Year today is at 2.59%.  The Federal Open Market Committee meets today and tomorrow, and they are expected to announce a 0.25% increase in interest rates tomorrow that will push that blue squiggly line right up next to that 35-years-and-counting straight red line.  It will then only be a matter of time until it crosses the red line and, IMO, shoots straight up to 3.0%.  Catching a low interest rate on a mortgage is just like catching a break in traffic:  timing is everything.