Bonds continue to test new highs keeping mortgage rates at record lows. I have locked plenty of people in, with no points, at 4.5% to 4.625% for weeks. This rate range has not fluctuated much over the short term, telling me we’re at the bottom of the scale. FED spokesman, Williams said that they see inflation staying moderate but will move quickly if they see a change. Again, that means we should take advantage of the low rates today as they can disappear quickly.
Waiting for the home prices to drop, a little more, is a dangerous game.
I’m betting there is a better chance of rates taking a jump then home prices falling any more. What do you think?
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