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These new mortgage interest rates are killing me . In just two weeks they’ve shot up so fast! I’m going to be in contract on a one bedroom co-op by Friday (knock on wood) and have started shopping for a loan – was shocked that rates that were quoted to me a few weeks ago (4.875) are now much higher (5.875 w/points).

Has anyone out there applied for a loan very recently (in the past week or two) and found a lender offering a good rate?

So far Astoria Federal and Sovereign Bank have quoted me the best rates (I’m also working with a mortgage broker).

Also, I know no one has a crystal ball but is it just up up up from here? Some loan officers are telling me they’re hoping they’ll go down while others are saying no way they’ll go down.

Thanks!