So where are interest rates headed?

[Anonymous]

We missed the huge dip late last year and are considering refinancing now. Any thoughts on where rates might be going?

[Anonymous]

I just did a little googling and it looks like rates are in the low to mid 4's - which is great! Isn't that about where they were last year? From that level, there isn't much of anywhere to go but up, so if the #s make sense based on your current rate and how long you plan to stay put I'd refi now.

[Anonymous]

We locked in 2 weeks ago for a home purchase at 4.375. It looks to we are going to have to start over now with a new lender and we were quoted 4.5. So they definitely went up a little. They might go back down, but we'll see.

[Anonymous]

There may be a spike in 10-year Treasuries if the debt ceiling negotiations run until late July, and mortgage rates usually track those.