Good afternoon...and Happy Halloween!
This is just a quick post to let you know that rates have dropped for the second consecutive week and are now at their lowest levels since June.
The Fed announced today that their bond-purchasing program (QE3) will continue for the time being (most analysts are predicting till at least March) and this should keep rates very low for quite a while.
Home inventories are shrinking and prices are rising. You can use these low rates to offset these things and save money. And if you haven't taken advantage of a refinance, it's a great time for that too!
Have a happy and safe Halloween!