LOWEST 30 YEAR FIXED MORTGAGE RATES IN HISTORY !!!!

It is just plain incredible.  So where are those buyers.  People you will never get this opportunity again in your lifetime!!!

I hope that the rates keep falling and before you know it, they will be paying us, YES!

Sheldon.....who would have thought the rates would keep falling!  I love it but one of these days this is going to change. <Subliminal Message....BUY NOW....and, um.....HIRE SHELDON!>

Sheldon,

This is unbelievable.  Let's hope these kind of rates are still here after the November elections... gordon

Sheldon, according to Case-Shiller Index, prices are back to October 2003 and with interest rates this low, now is a better time to buy than pre-bubble days. Incredible!

Sheldon, my client got a 4% on VA fixed 30 years at closing yesterday, and they were just thrilled!

Sheldon, even with all that buyers still seem hesitant to take the plunge.  Just what does it take to light a fire under them?

It seems that a lot of prospects are also struggling with job steadiness right now, but for those who can dive in, it's open swimming!

Yes they are ridiculously low, IF they can get a loan. For people who would normally refinance...if their value has dropped their might not be enough equity to refinance.

But, for new buyers....Awesomeness.

that's amazing to hear again, no matter how many times I hear/read it. WOW is all I can say. I hear if you buy during the Obama administration that you actually get free lunch at Denny's for 12 months. Obama Slam.

Lower interest rates are great, but with double digit unemployment many are finding it difficult to qualify.

Sheldon... one thing they failed to mention... define history.. how far does history go back?  lol  From what I know, lowest since Fannie has been recording rates since the early 70's.  But yes, they are so low... but with an economy not doing so well, jobs not stable... could you imagine if rates were this low 3 years ago?  wow... and yes, what Missy mentioned.. if they can get a loan. hey, not knocking your post... it's good to get the word out there... I will be writing about the same in a few days, but adding more to educate the borrower, because it's more than just low rate. thanks and happy Sunday and have a good one with your family.

With the LOWEST rates known to man but no BUYERS to purchase what good does it do??

They certainly are low!! What I like about those reports is that they dont cover any real facts. For example, do these rates cover points or origination fees? Plus what are the FICO scores needed for this score?  Fact is that if you have a good enough of a Credit Score, you could actually get to 4.125% without paying an origination fee. Really depends on where you are shopping, your loan amount, and a few other key points. Of course, im sure you know this already but I wanted to add my 2 cents. :-)

@ Robert - They are out there my friend. Perhaps there arent as many buyers as we would like, but homes are still selling. You just need to get to them before your competition does.

Sheldon, thanks for the post. Buyers should be operating at lightening speed to get a property under contract

Well, if that doesn't help it to SINK IN with people, not sure what will! I like your social media icons at the bottom of your post... very classy!

Now if we can only convince our buyers to run with the opportunity instead of waiting for an announcement from on high that the bottom is beneath us!