The 10-Year Treasury Bond Appears To Be Bottoming

The 10-Year Treasury Bond appears to be putting in a major cycle low after doing a multi month Elliot Wave ABC down up down downcycle (ABC pattern not obvious on the Yahoo chart), see http://finance.yahoo.com/q/bc?s=%5ETNX&t=2y&l=off&z=l&q=c&c=. Therefore, people looking to take out fixed rate mortgages should do so now before long term rates head back up significantly. Adjustable Rate Mortgages (ARMs) are tied to short term interest rates and fixed rate mortgages are tied to long term interest rates.
....... http://www.JoeFRocks.com/

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