Current mortgage rate trends started the day worse but rebounded and now remain flat. Investors are waiting for the FOMC meeting next week. Until then don't expect much movement in the mortgage rate market. If the USA shows 2 quarters of econoic growth it will likely spur inflationary concerns causing investors to sell their mortgage bonds for stocks. This would cause mortgage rates to rise. If you are a fence sitter,.....JUMP! Under 4% on 30 year fixed rate loans. Really, what are you waiting for?