seeWDW - My guess is that the code rates will be VERY similiar to the AP rates and maybe even a little higher, if it follows the historical trends. If you don't want to buy an AP for your rate, than waiting might be beneficial to you, but you may want to lock in an AP rate just so that you have one at a discount, and when codes become available, just switch your rate to that code so you won't need an AP.