Bank of America and Wells Fargo have both released forecasts that the mortgage volume in 2010 will be REDUCED from 2.2 Trillion, to 1.2 Trillion. I'll give you the complicated reason.  The government is currently buying mortgage backed securities, in other words, subsidizing our mortgage market (because no one else is buying them), and that is 'falsely' and I do mean falsely, keeping our mortgage rates low. What happens when that stops? Yes, as we all  know, rates will go up, and it can happen FAST......like 2% in one week. Jennifer Hernandez with Patriot Bank Mortgage remembers that happening in 00 or 01. But it will happen again?