Due to a continued weakness in the economy and the decision of the Federal Reserve not to sell their mortgage bonds now, the interest rates are extremely low. We have not seen this level of rates in many, many months. There is a general feeling that the economic recovery has now stalled and may be in a state of reversal. If that is the case, we can expect low interest rates for some time. Combined with the decrease in housing prices, there may never have been nor may there ever be again, such a good time for a qualified buyer (i.e. good credit, good income, 20% downpayment) to buy a home.
Bond Market Showing Strength Causing Low Interest Rates