For years now I have been thinking (and sometimes saying) that mortgage interest rates were certain to rose.  From time to time they would rise, a bit, and then drop back down again.  As you can see from the graph above, the current average rate of 3.76% is a good bit lower than where we were one year and two years ago.

These low interest rates continue to make it a very compelling time for buyers to buy -- they can lock in tremendously low housing costs at historically low rates.

Mortgage interest rates are sure to rise soon -- or wait, maybe they won't!