Mortgage Rates Predictions First Post

This is the first post to the Mortgage Rates Predictions Blog. First and foremost I must tell you that nobody can predict what Mortgage Rates are going to do on a long term basis. Sure, there are people and companies that can give you predictions on what mortgage rates will do on a very short term basis like if they will go up or down tomorrow, but good luck finding someone with the magic crystal ball that will be able to tell you where mortgage rates will be next month or even next week.

"Why?" you ask? Because mortgage rates are derived from an ever changing market, the Mortgage Backed Security market. The higher the price on the Mortgage Backed Securities, the lower mortgage rates go! The problem is that that market is driven by investors buying and selling Mortgage Backed Securities.

So if anyone tells you that they know mortgage rates are going to go up in the next month or two don't believe them...their guess is just as good as yours!