Just got the message: The treasury Dept. annoounced today they will purchase up to 300 BILLION in long term bonds. The MBS responded immediately with a 100 point upswing. Great news for the 30 year fixed as it ended at 4.5% today.
Consumer savings rates are climbing to levels not seen since the early 80's.
Consumer debt is shrinking dramatically as folks concentrate on paying down their debt.
With interest rates and home prices down, the affordability index for home buying is improving significantly. According to the mortgage co. this came from we should be getting ready to experience the best buyers market ever. Let's hope this is true!!