A lot of people have been asking me what I think about mortgage interest rates as they sit here in March 2010.  Obviously, I am not going to be able to give you a definitive answer.  That said, a lot of things are working toward interest rates going up.  Not the least of which is the Fed no longer purchasing mortgages.  A larger thing to keep in mind for interest rates going up is the dramatic increase in the money supply created by the Fed.  Right now banks have by and large held on to this money.  They likely will not forever and when this money gets lent out to the public, inflation will go up and the Fed will be forced to increase interest rates generally.  I think now is even a more risky time for real estate investors.  Wait until the government subsidies of first time homebuyers and mortgages goes away.  When that happens you’ll see a small real estate recession, that will be your time to buy.