I've Given Up Trying To Predict Interest Rates

I remember the conversation like it was yesterday. "Buying this house is a great choice, and you can lock in this low rate for the next 30 years!" What was the rate you ask? Try 6.75%!

Last Summer I was telling anyone who would listen that rates "under 5% could not last long." For once I was right...My current buyers are locking in 3.75% for thirty years. Where is the bottom? Don't ask me! I will stick to matching buyers with houses. Let the mortgage folks deal with the loan forecasting.