Nearly every economist, every pundit, every commentator has predicted 5% on the 30-year loan by the end of the year. We have to slot ourselves in with the crowd. Though we still have almost eight months to go, rates continue to languish.

Lower interest rates are certainly more popular than higher interest rates. But low interest rates alone can't drive the housing market. We simply need more economic growth, and not just to grow the market, but to sustain it. RealtyTrac reports that March marked the 42 nd consecutive month of falling foreclosure activity. But fissures are starting to show: RealtyTrac also reports that foreclosure activity was up in 29 states.

We hope that our prediction of 5% on the 30-year loan comes to pass, because a 5% rate will only occur if accompanied by stronger economic growth. We can see no other way that Federal Reserve officials will let it rise.

 Courtesy of Jessica Regan.

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