Mortgage rates are affected by the 10yr bond rates.
Since the FED lowered the discount rates, and the fed funds rates, the mortgages only dropped once! Now the mortgage rates are rising higher than the rates were before the FED intervened.
http://finance.yahoo.com/ shows the BONDs slowly going up, and is scheduled to continue rising.
If you are waiting to lock in your mortgage rate, make sure you LOCK NOW!
Trying to save a few dollars is going to cost you THOUSANDS!
Mortgages North Carolina