Federal Reserve Policymakers revealed recently that mortgage rates may remain at their current rock bottom lows for as long as another three years.  San Francisco Fed President John Williams, in an interview from Jackson Hole, Wyo., said he was “concerned that we could be stalling at the current high level of unemployment.” As a result, more bond-buying from the Fed in the form of quantitative easing might help, he added.

“Without further accommodation I see the unemployment rate staying right around where it is now…at least for another year and a half,” said Williams, who is a permanent voting member on the Fed’s Open Market Committee. He also stated he could see rates remaining at zero until 2015.