Looking back it certainly seemed like rates were at their lows but now, over a year later, it's hard to believe that rates have continued to fall and look likely to continue to do so. Hopefully, at some point they will reach a point where people just can no longer pass them up and our housing market will begin to truly recover.
Not good news to the many of thousands of new short sale/foreclosures coming on in 2010. Sounds like we are in a viscous circle that is not going to help the real estate industry.