Although we can never predict the future when it comes to rates, there is evidence that the current weakness is more of a sign of normal consolidation than for a reversal.
Bookmark this page for mortgage rates:
30-year (FRM) rates at 2.83% (+0.02%)
15-year (FRM) rates at 2.39% (+0.01%)
FHA 30-year Fixed rates at 2.25% (0.00%)
Jumbo 30-year Fixed rates at 3.63% (-0.02%)
5/1 ARM rates at 2.75% (0.00%)
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