Wow, Look at Those Mortgage Rates!

The federal government continues to reach into its bag of tricks to stimulate the economy.
Yesterday, the government announced it would buy up $1 trillion of Treasury Bonds and Securities.
This in effect creates $1 trillion of new money in the economy which already lowered the rate of return on long-term government bonds and will also cause a decrease in the interest rates of mortgages.

As I write this, fixed conventional 30 year mortgages are already around 4 5/8%. We should see rates drop as a result of this move with rates already very good, how much lower can they go? We'll see.

With low home prices, incredible interest rates and an $8,000 federal tax credit for home purchases, this is a perfect time to invest in a home.
There will be many people next year that realize they should have taken action and bought a home -- they lost an opportunity of a lifetime.

Will you be one of them?