Just when you thought rates could not possibly go any lower SURPRISE they do! Now it is official we are not at historical lows, we are at THE HISTORICAL LOW. Will it go lower? I have turned in my crystal ball for a Magic 8 Ball. Who knows? and if you do your lying! The senario under which these low rates have come are nothing short of astonishing. It has taken a full global colapse to bring us to our present situation.
What is bad the for economy may be good for your pocketbook. Now is the time to look at your mortgage and make your final chess move. You may very well be able to shorten your term or lower your monthly expenses. If you are looking to buy you have a tremendous buying power at these rates. Don't wait or wait? Who knows either way you can't loose.
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