Why Mortgage Rates Should Move Higher Today -- No Matter What The Fed Does

I am not in the game of making predictions about mortgage rates because I don't gamble with other people's money. This is the major reason why I recommend locking at today's mortgage rates rather than waiting for tomorrow's. Who knows what tomorrow will bring? After all, think back 25 years: Investors were passing on 17% yielding bonds because they wanted to wait for 18%. In hindsight, it's a foolish risk. But, everybody likes to ask me what I think anyway....