Mortgage Rates ... What Will Happen Now?

Last week Ben Bernanke announced the Fed will not scale back their bond purchase program right now to continue the stimulus package geared at bringing back the national economy.  Mortgage rates have been rising in the past few weeks with the assumption this program was going to wind down.  So what will happen with rates now?  Those at bankrate.com explain 'mortgage rates should fall back -- not massively, but to some extent.' Mortgage professionals say that it doesn't mean home buyers should wait for lower rates.  Read more at Mortgages Fall - Will Fed Keep Them Down.  If you have are considering a move this fall, please contact me.