As some one who reads a ton, goes to seminars and talks to many others in all aspects of our industry I have come to the conclusion that nobody knows. The crystal ball is broken. The one thing we do know is that rates are crazy low! I began my career in 1983 with rates in the teens, if you would have told me then that rates would be where they are today I wouldn't have believed it. If you are planning on owning your next home for a long period of time, it is more important to get the best home and lock in the best rates. Prices will no doubt be changing for the entire period of your ownership.