I don’t think the market is going to let rates get much lower. Actually I’m surprised we’re seeing these again, but with continued Government intervention in the mortgage securities market for now (this too will end), it’s a crapshoot.
A simple rule of thumb, rates go up a lot quicker than they go down.
Get off your decision fence, get that paperwork in and lock in your rate. Especially those of you that qualify for the first time homeowners tax credit !
These “planets” will only stay aligned for so long, after which you’ll only be able to look back and kick yourself for not making a move then.
Thanks for the nice post. I always like to bookmark credit or finance related posts like this one.