Rates on 30-year mortgages inched downward again this week, remaining below 5 percent for the tenth-consecutive week and just above record lows.

Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dipped slightly to 4.82 percent this week, down from an average of 4.86 percent last week.

The question fence-sitting buyers must ask themselves is "How long will they stay down and should I act now?"  We recently wrote about the 'gamble' one makes by waiting and waiting to buy.  With prices super low on houses coupled with low interest rates I don't know if it will or even CAN get any better.

Anyone even "thinking" about buying before the end of November in order to take advantage of the up to $8000 Tax Stimulus really should start looking NOW.  With more and more buyers coming back into the market and moving into a healthy summer real estate season, prices and rates could well start to climb again by mid-summer.

Let us help by answering any/all of your questions and more.   Go to our website for more info and to search the MLS for available listings. www.BestHomesInJacksonville.com