It seems that home prices have currently leveled off after a nice bounce from the 2008/2009 period when home prices declined drastically. Currently Mortgage rates are close to record lows (as of 1/10/2015), and that is "after" the FED has announced their Bond buying will decrease. This news should have made interest rates shoot up, but not so. Rates have now come back down to a level lower than the FED intial Bond buying announcement. This is a troubling sign, as home prices should be booming also. Is the Economy in so much trouble that we are going to be in for tough times ahead? Many economists believe so! I beleive we are in for some Economy hiccups, but not as bad as many Economists think. Either way, reducing your debt and refinancing higher debt into low Mortgage loan rates is something that will always help. Take advantage of these low rates now by refinancing. Lowering payments and elinating debt will always make our financials stronger!
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