For the first time since 1979 the national average rate on a 30-year, fixed-rate home mortgage has dropped below 5%. Unfortunately the low rates come at a time when only solid ground borrowers are able to meet lenders strict qualifications.  The  Federal Reserve made a sudden decision to print $1.2 trillion and pump the money into the economy. They needed to purchase a few things. $750 billion in mortgage-backed securities, a Treasury debt of $300 billion, and $200 billion in debt purchases from Freddy Mac and Fannie Mae. A good move? Maybe not. It sent up some red flags on inflation, a weaker dollar and high oil prices. In short, a risk of inflation.  The Fed however made it clear that they are more concerned about deflation. This seams like a great time to purchase a home, low home prices with interest rates under 5%.
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