There are a couple Federal economic stimulus programs scheduled to expire by 2Q 2010. The end of these programs may cause mortgage rates to increase by 1/2 to 1 percentage point.
1. Ends by 1Q2010: http://www.federalreserve.gov/newsevents/press/monetary/20081230b.htm
2. Ends by April 30, 2010: http://www.federalhousingtaxcredit.com/
Currently, the national average for 30-yr fixed rate is 5.25% and this rate was at 4.875% in October 2009. So there is an upward trend in mortgage rates: http://www.bloomberg.com/markets/rates/keyrates.html
It's complex to explain on this public platform...the details of mortgage interest rate effects resulted from the Federal government economic stimulus programs, from the current 10% unemployment rate, and from other economic factors such as inventory levels of consumer products, commodities and raw materials.
No one has a magic ball to foresee the future so you can access the mortgage rate trends based on the overall current mortgage rate trends (see bloomberg link above), government planned economic related events, unemployment rate trend (lower or higher by Summer 2010?), and "your" sense of confidence in the US economy by the Summer of 2010.
Sorry there isn't a clear opinion for you, however, I hope the information helps.
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