All should expect outsize economic volatility ahead -- true upping and downing

Long-term rates have stabilized, but there could be rough waters in the future

Long-term rates have stabilized — maybe a bit better than that. The 10-year T-note today breaking below 2.31 percent resistance, but mortgages are still above 4 percent. Rates have jumped a half-percent in 60 days and were due for a breather, but all should expect outsize volatility ahead — true upping and downing.