[turbo6bar]

Souk, do you have a crystal ball? Mine is broken. There's no telling where rates will go. The integration of economies on a global scale means the Europeans can and do affect the interest rates in the US.

Don't forget that terms without price are meaningless? If housing goes up by 15% per year and interest rates fall 1% per year, the monthly outlay is still greater. Central banks have been printing money at a torrid pace. That inflation has led to rises in all assets.

Some analysts are saying the bond bull market is ending. If they are correct, then we can expect to see higher fixed interest rates over the next decade. However, this is the easy answer, as rates have been at record lows for quite some time. There is a lot more potential for rates to go up than down.

My expectation is that rates will be similiar or slightly higher 3-4 years from now. 7-7.5% on the 30 yr fixed is my guess. Tempering the rise will be flat to falling housing prices. I don't know your intentions, but if I had to choose between buying now and 3 years from now, I'd opt for 3 years from now. If I am thinking about locking in rates now vs. 3 years from now, I'll gladly take today's rates and be happy.