As mortgage professionals, we may have a basic idea of where rates are headed in the next few days or maybe the next few weeks but beyond that it's really a guessing game. I think most of us feel like that rates can't get much better and as more and more positive economic news is reported, that rates are likely to start an eventual climb.

Heck, even the Chairman of the Federal Reserve, Ben Bernanke has refinanced twice in the last 2 years, at the end of 2009 and again just last month, December 2011. Here's a link to the article: http://www.entitledirect.com/article/800662958

Bottom line, if your fixed rate is higher than 5% or you are on an adjustable rate, contact a mortgage professional and make hay while the sun is shining.

If you're in Kentucky, you can visit my website at: http://www.brianleecurl.com/

Thanks for reading and have a prosperous and Happy 2012!