Hi Mark,

You keep asking me “why should I buy a home now if interest rates keep going down and down even more every day?”
Well, it is because I am worry we may not be able to take advantage of this situation if rates start to go up now.
“Are they going up now?”
OK, it is true that mortgage rates have been kept very low in the last couple of years or so but for the same reason there is a high likelihood that they will go up at any time.
“Why?”
Why? Because with everybody being worried about the economic situation plus the political activity stirred up by the upcoming elections next year lots of people keep thinking on ways to improve the situation and some economists even suggest that the way to improve the economic situation is by provoking inflation to increase. Even Ben S. Bernanke suggested that same thing to Japan back in 2003 (http://www.federalreserve.gov/BoardDocs/Speeches/2003/20030531/default.htm )
If the inflation (http://en.wikipedia.org/wiki/Inflation_targeting ) increases that means interest rates will increase as well because they have no other way to go. And as always, economical waves are not as easy to control as one would like. The same it happens with the stock market that changes come about unexpectedly and with a slanted slop towards the opposite side.
Why to wait until things start happening?
“Is the Euro Zone debt crisis going to affect us?”
Once again… Well yes, if it happens. But even so inflation could still climb up and the result will be the same. Or will it?
I would say you’d be better off acting now than wishing tomorrow you did.
Call me as soon as possible to start looking for your dream home and have a more enjoyable life.

Cheers,
Jaime Fernandez-de-Castro
http://BostonMetroHomeSales.com