do we expect fed to taper the bond buying? how will that affect mortgage rates and housing market

Rates could go up.

The feds are going to begin their tapering of bond buying at some point yes. There are indicating factors that could help to speed this up that have been showing up lately. If they do you will see interest rates rise

I think the overall expectation is that they will taper. If so, the question is "How much will rates go up?" hard to say, but it would take an extraordinary set of circumstances for rates to not go up in this scenario. I am always happy to assist so if you need more information, a pre-qualification, or a competing rate quote you can go to my web page and use my live support button to discuss or get advice on anything at all with me. Web Address is: http://www.loansfromrob.com/quote/ Email is rhanson@gladewaternational.com and direct phone is 240-752-7549. Good Luck -- Rob Hanson