Where are Rates Headed?

Interest rates have been at all time lows for the past 12 months. Even though my crystal ball is a little cloudy right now, my educated opinion is that rates are going to start moving in a higher direction. This is not going to be an overnight spike up, but we are going to see a steady rise until all of the stimulus that the government is propping up this industry with goes away. I would say by July 1, 2010, rates will have moved significantly. Don't delay, if you need to lower your current rate and have equity, now is the time. If you want to purchase but think rates will stay this low forever, don't be mistaken. Move now and take advantage of what your government has done for you.