Do you think rates will go up, down, or remain as we go into the first two weeks of 2014. Set for COE Jan 24 and have not yet lock

Best guess is small to no change.

No one knows, but there is little room for downward gain, and huge space for upward loss. 2013 ended with the 2nd lowest average rate in history - just behind 2012. Based on everything we know today, I strongly suggest people lock as soon as possible. www.Minneapolis-Mortgage.net

Although no one has a crystal ball, the overall market is somewhat stable, however there is a much greater propensity of rates increasing vs rates going lower.. I would lock... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

The consensus among most analysts is that the ten year yield will steadily trend to 3.25% throughout the year. This would put pressure on rates and mortgage rates would therefore rise.The better question to ask is, what would happen if you remain floating and rates spike (which is most certainly the larger risk especially based on such a limited time span): you then might not qualify and might not be able to close. There isn't any available information that leads me to believe rates will trend lower, the best case scenario is they stay the same for a little while longer. It would be difficult to assume a stock market crash, which is the only real possibility for a large reduction in rates. The probability of a large sell off in the next two weeks would have to be minimal and most certainly outweighed by the possibility of a rate spike higher due to continued good news. I would therefore recommend you lock your loan. This of course is simply my opinion and based on not knowing anything specifically about your scenario.