re: What do you predict will happen with Mortgage Rates...

We just finished construction. We were not able to start the permanent financing process until we had an occupancy certificate. Once we got that, they needed all financials again and then do another appraisal. Once all that was done, we locked. Ended up getting a 30 yr @ 3.375 w/ 1% origination. When we started, the 30 yr rate was 4.125. The interest rate on the construction loan was 6% and it took just under 6 months to complete. I'd imagine over the next yr or so that rate will stay in the mid-low 3's on a 30 yr