The Risk/Reward of Waiting.

A 1-year chart shows Bonds are unable to break above key resistance created nearly one year ago. Rates can't improve further unless or until the Bond can do so. With President Obama set to talk next Thursday on jobs, and feelings that the Fed may do even more to help the economy - don't bet on lower rates just yet. Also notice what bond prices have done when this resistance level has been tested previously....sharp drop in pricing which leads to huge jumps in rates. The bet on lower rates is not the smart play. Refinance or purchase now and you're definitely going to come out ahead.