So far this year I have been quite accurate with my mortgage rate predictions.? Over the last two weeks, I have been off .01% and .03% respectively.? I will be highly surprised if I can repeat that success this week, but I will do my best.? National advertistments and news headlines have stated that mortgage rates continue to hit an all time low.? Many are stating that rates are 4.5% or under.? This is definitely not the case.? This week, my prediction is that the Freddie Mac weekly mortgage rate survey will show

30 year fixed rate mortgage – 4.79%

We are definitely trending lower, but I think the psychology of lower rates is starting to set in and we could see a bounce VERY soon.? That is just a hint as to my feelings for the first week in April.? Stay posted to Subprime Blogger to get weekly mortgage rate predictions.? I will write an article on Thursday when Freddie Mac comes out with their weekly data.