How to tell whether interest rates will keep going down? Should I keep waiting?

You should consider watching the 10 year bond yield. I have seen rates increase since Oct. 2010, when the 10 year bond was around 2.5%. Now it's much higher. These are uncertain times, especiallly Egypt. Rates are right and prices are right. There are so many factors to conider. What is the interest rate you have now? I can put you on a Rate Watch list...We must show a good benefit to refi. I lend in all 50 States. I have low fees and low rates. I hope this helps.RC

The 10 year bond yield is what drives mortgage rates. Based upon the economic reports and retail spending increases, it appears that rates will continue to increase. I highly suggest you see if you qualify to refinance and look at it to see if it makes sense. You have already missed the low point, so don't get caught waiting for them to go back down. If you are seriously considering refinancing, let's look at your situation to see what makes sense for you and your family. Feel free to call on me for anything you may need. Patrick McCarthy, Northpointe Mortgage, 866-901-3576

You're putting the cart before the horse. ... Regardless what you look at, you will need to be in a position to take advantage. ... That window may only be a few hours or even less in length. ... Before you can lock in a rate, you need to submit an application. ... From there, different lenders have their own guidelines to when a borrower can lock. ... Happy funding, Rudi