No one can know for sure the direction that interest rates for Northeast Florida real estate purchases are headed in the future. There are no laws that govern mortgage rates other than public policies from the Federal Reserve Board. Usury laws were historically used to eliminate lenders from hiking up the interest rates for a loan. Some states have usury laws, many financial institutions are excused from the law. Interest rates are ruled by the financial markets and by the Federal Reserve Board action. Interest rates for real estate loans are always changing, so there is no definite way to track where they are going, only where they have been. There are some that try to predict where interest rates are headed. However, they are only giving their best guess.