Mortgage rates are still very close to historical lows based upon the Federal Resreve Bond buying stimulous. A lot of investors/pundints try to time the market which is OK to make decisions on Return on Investment however, if you are in the market to buy a home and you need to take a mortgage to do so you may want to take advantage of the lower rates at the present time. Here are two articles on the same day. One talks about rates being low , the other speculates on when they will raise. The rates will rise. I do not have a crystal ball that is cleaer than others. I do not know when excactlty it will happen. Perhaps the end of the year. Perhaps next year. However I do know at some point they will raise. So If you are thinking of buying a home or any kind of real estate and you plan to do that with a mortgage the time to lock in lower rates is now. Prices are raising and rates will go up which will effect how much you can purchase.
Why not take advantage of the current prices and low rates and buy now?