I hear often from Realtors and borrowers wanting to know if I think rates will go down. Rates are at a 30 year low (see link below). They have dropped a hair, but overall they are stable for the time being. Down a bit or up a bit, rates are LOW. It does definitely help with purchase power to have the lowest rate possible, but remember to beware a rate that seems too good to be true...as it could cost you a great deal later.


www.mortgage-x.com/general/indexes/average_contract_rate.asp