Rates have plummeted down! If ever there were great news, this is it! If you are in a rate that is above 6%, this is the time to take advantage of the low rates! Yes, there is talk with the government investing into mortgage bonds, driving them even lower, paticularly with purchases. But, without specifics or further detail, you can still get a mortgage under 5% right now! That means huge savings for millions of Americans!
Phones are ringing, emailing is zipping in, and activity is surely picking up! This is great news amongst all the negative reports with the economy and job loss.
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