30-Year Fixed-Rate Mortgages climbed above 7% in October – up from 3.18% 12 months earlier.

This is the first time they have been above 7% since 2002.

As my followers know, I used technical analysis to correctly forecast this rise in rates in my January 2022 Timing Letter.

Furthermore, even though rates have more than doubled in the last 12 months, odds are high that rates will continue to rise in the in the months and maybe years ahead.