There is very much possibility that Mortgage rates will go up from the start of the year 2010.There was very mix trend occurred during whole December 2009. We saw it once at 4.49% level and also saw it on 5.35% level in December.

“Rapid change in December will assist the output to rise further in the coming months, and it `ll bring more weight to the view that the U.K. exited recession by the end of 2009,” said by  A senior economic advisor to the Ernst & Young ITEM Club.

Interest rates for home loans have already begun growing upward.  Many experts and market observers expect them to head even higher as the Federal Reserve winds down its program to buy $1.25 trillion in mortgage-backed securities before first quarter of 2010 end. Two factors are to be considered while estimating mortgage rate, Treasury bills and Economy of U.S.

So If you want to refinance your loan then go ahead immediately. If you continue to wait for at least March of 2010 then there is a very good chance that mortgage rates will be much more in settled conditions. Obviously exact level is not confirm that where mortgage rates will go but all signs are pointing that mortgage rates are going to head somewhat higher.

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