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?

Average 30-year mortgage rate falls to 4.14%


Mortgage Rate Trend Indexe

No mortgage expert (0%) polled this week by expects rates to rise over the short term, but by the same token, only a few (11%) foresee a decline. The majority (89%) predicts little change.

WASHINGTON (AP) – May 23, 2014 – Average U.S. rates on fixed mortgages fell this week for a fourth straight week. The low rates could give a boost to the spring home-buying season, which has started slowly.


"Fed Chair Janet Yellen has told Congress that the economy is improving but noted that the job market remains "far from satisfactory" and that inflation is still below the Fed's target rate. She said she expects the Fed's near-zero target for short-term rates to remain appropriate for a "considerable time" after the bond purchases end.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

The average fee for a 30-year mortgage was unchanged from a week earlier at 0.6 point. The fee for a 15-year loan declined to 0.5 point from 0.6 point.

The average rate on a one-year adjustable-rate loan was steady at 2.43 percent. The average fee slipped to 0.4 point from 0.5 point.

The average rate on a five-year adjustable mortgage fell to 2.96 percent from 3.01 percent. The fee held at 0.4 point"