How soon will fixed mortgage rates fall below 2%?

Can you believe it?
This week Freddie Mac made the announcement heard around the world. The 30-year fixed-rate mortgage is at 3.03%, the lowest in Freddie’s survey history dating back to 1971.
And, rates are headed even lower. The 15-year fixed-rate is bound to be under 2% by year’s end. The 30-year fixed will be under 2% sometime next year.
Let’s look at the trendlines.
Mortgage rates tend to follow the 10-year Treasury rates. These days mortgage rates are running much higher