Obviously nobody really knows the answer to this. As economic and political tides ebb and flow, so do the money markets and therefore interest rates. But I can tell you that there are many inflationary pressures looming on the market. Most all signs point to rising rates not too far off in the future. But so far, the turmoil in Europe and the US federal government's support of the bond market, has kept rates low. My personal "expert" opinion is that we should continue to see fairly low rates at least until the presidential election. Then sometime around the 2nd or 3rd quarter of next year they may not be able to hold rates back from rising any longer, although there will be political pressure to do so. With that said, as I type this, we are at an new 40+ year low for mortgage rates. And that likely won't last much longer than a month or two, if that.