How scary!! I purchased my first how in "huh-hum", 1982!!! Interest rate 18%! Should have just put it on my credit card right!
Anyway, following a legitimate data king (he's been right on for the past 3 years!) - the predications I see and believe in will be that the interest rates rise at least 1%. In our area, predictions are that the housing market prices will drop at least 25% in the next 36 months.
Usually don't believe in all the data "mumbo-jumbo", but when someone's been right, they've been right! CAR's 2009 Housing Market Survey also backs the claim up.