Interest rates for refinance

This is almost impossible to answer. Do you lock in the savings you still have or speculate that rates moved too far and come back. On the other hand. On the other hand, it's a good time to pick up some intermediate term bonds. There are some relative bargains compared to a few months ago.

I guess I was asking if mortgage rates might trend downwards in the next two weeks, after consecutive increases.

msky I dont think it will trend downwards much going forward. Can you lock it in with the option for a free float down?

@matt that is not an option, so I will wait to see - rates might come down somewhat in the coming week. I can't imagine rates going up much higher than where they are now.

msky, I started a discussion on this very topic earlier today, and there have been some very good responses. I suspect that you've probably seen it by now. You're refinancing, but I just signed a contract, so my application for a mortgage wasn't even in yet (and still isn't). But I'm asking the same questions as you are, particularly what everyone thinks will happen in the next two weeks. I feel your frustration, believe me. I'm at the point where I feel that it's almost impossible to "win" in the New York real estate market. Good luck.