There are many different opinions about where mortgage rates are headed.  And to be honest all of them are just educated guesses at this point.  If we see a recavery in the stock market there is not going to be enough money in play to keep rates low and stockc going higher.  There is the benefit of the fed putting money into the Mortgage bond market that will help keep rates lower than what the would be in a normal market but we MAY have already seen the lowest rates.  They did hit an altime lowe December 16th and 17th.  So all of you that maybe holding out for lower rates I hope you are prepared for whatever the markets bring our way.  Good luck and good Cheer in 2009.