Over the last year, mortgage rates have proven to be highly volatile. Many analysts and commentators even blame the recent rise in rates for stalling the still-fragile housing recovery. In the third quarter of this year, for example, mortgage giants like Wells Fargo (WFC 1.20%) and JPMorgan Chase (JPM 1.68%) saw mortgage origination volumes plummet by double-digit margins -- Wells Fargo's by nearly 30% compared to the second quarter and JPMorgan's by almost 20%. In the video below, Motley Fool contributor John Maxfield discusses where he thinks rates are headed from here.