Will Mortgage Rates Rise in July, 2009?

If June, 2009 was the month of disaster for mortgage rates, July, 2009 is the month of the recovery.  Mortgage rates jumped from under 5% to close to 6%, in June, while they have plummeted to the sub-5% level in ten short days.

Will mortgage rates rise or drop this summer? Listen to my 90-second opinion here.

Keep something in mind as you listen; my advice is not a svengali-like prediction.  Rather, my advice examines the market movements, from the heart and mind of a former securities trader, with the sole purpose of mitigating risk and looking for reward.  I think you’ll find that I’m more worried about risk than I am of the potential reward.

Are rates going to go higher?  Listen and proffer your argument below.