Mortgage rates continue to flucuate up and down a little bit but have recently dropped even lower than anyone thought possible. No one knows exactly how long this will last, but we can be almost certain there is not much room for rates to go down any more. Speculation is that rates will remain in the high 2’s to low 3’s til at least until  the end of 2013 and into 2014. That all depends on what is going in the rest of the worlds economy and more so in the country to the south of us. There has never been a better time to sit down with your mortgage expert and assess your current situation.