The best of home loans
Although there are no rumors yet of offering those rates to those planning to refinance their homes, the consideration of such a proposal is an indication of how bad the real estate market has become. Some economists hope that lower rates and the recent drop in prices will encourage prospective buyers to purchase now, thus breathing some much needed life back into the real estate sector. Others feel that offering lower rates to prospective buyers may not provide the desired boost. Many potential home buyers are hesitant to purchase at a time when the market may not be at a low point. Marry that with increasing job loss and uneasiness about the current economy, and many buyers may not jump in spite of low rates.