Lets face it, morgage rates continue to blow my mind. Early 2014 projections saw rates slowly increasing as the government started "tapering." By 2015, rates were projected to be mid 5%. However, buyers and refinancers alike have been blessed with the continuation of low interest rates.
If you are waiting for interest rates to drop before jumping into the market, STOP. They are low! You may see week to week highs and lows, but current rates are the lowest they have been in decades.
Projections of 2015 mortgage rates and availability [/caption]