Between this (Reuters):
“The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage-related debt per month until the outlook for jobs improves substantially as long as inflation remains contained.”
“policymakers said they would not likely raise rates from current rock-bottom lows until at least mid-2015. Previously, it had set such guidance at late 2014.”
it’s a safe bet that mortgage rates will remain at current, historical lows or decline over the next three years, unless inflation takes off in the mean time. That’s good news for anyone holding an adjustable rate mortgage, and those closing in on eligibility for a refi on their current, higher-rate mortgage. Not so much for those relying on fixed-income securities for retirement income.