Interest rates centrally have been set to stay where they are for about another year... but that's not the rate we consumers pay. And the banks aren't beholden to the central rate either, which is why this week we see rates creeping back up again for mortgages. Anyone wh is thinking about buying and requires a mortgage to do so would be well advised not to drag their feet too much because the rates for us normal folk can start going up as market activity increases, or just becaues the banks decide for business reasons they want to.
If you are looking to get pre-approved then contact a Realtor you are interested in working with first - they will have Mortgage Representatives they work with (usually a few so you still have choice) which will help if there are any complications during waivers (waiving conditions on a purchase). A Mortgage Broker who has a relationship with the Realtor involved will inherently be more inclinded to make certain everything is done correctly and quickly so that the relationship remains intact.
Prices are low, choices high, money cheap - it has never been this good a time to buy and won't be again for a long, long time - if ever!
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