What are good indicators for future mortgage loan interest rates?

Looking to lock a interest rate in the next week. I can lock at just under 5% today, but could have locked at 4 7/8% one day last week.What are good indicators for future mortgage loan interest rates?
I worked in the mortgage industry for many years. Rates this week are great. The 10 year T-Bill, which the 30 year mortgage rate is at historic lows. 30 Year mortgages are not going to get much better.





Since you are quoting a 5% rate, I would think you are looking at a 1 year ARM and not a long term fix loan. The long terms loans will probably drop a bit more since they are tied to the federal funds rates (ie short term rates). The fed seems prepared to lower the rates.





With that said, you have a really rate and Im not sure it is worth the gamble for it to drop much more.What are good indicators for future mortgage loan interest rates?
It's all a guessing game, but in my opinion...





They're not going to go down. As the economy gets worse, they'll increase. During the last recession, inflation went up and rates were in the double digits.