FOR IMMEDIATE RELEASE:

"Mortgage rates expected to slide with Fed's new moves" was the headline of the L.A. Times late in the afternoon on March 18th. Then, this morning on Good Morning America, the possibility of interest rates as low as 4% were discussed (you can watch the clip here). Finally, Bloomberg reported today that U.S. mortgage rates may fall to the lowest since World War II..." Indeed, rates are already moving lower. The L.A. Times reported that "some mortgage brokers were already quoting rates in the 4.5% to 4.75% range today, not including upfront fees..." Finally, CNBC says recent actions by the government are "likely to produce a big - though perhaps temporary - drop in mortgage rates.

So what does this all mean to you? It has almost become cliché, but this is truly likely to be the best opportunity for you to purchase the home of your dreams at an affordable fixed monthly payment. A change of even .25% in a mortgage rate can save you thousands of dollars over the life of the loan - as well as make the monthly payment more affordable each month.

What's the catch? There really isn't one! However rates are constantly changing and will not stay at these lows forever. If you've already been looking for a new home for a while, it may be time to wrap up your search. Just beginning to think about a new home? Then turn off the TV and visit a model home or get online and start doing some research. Don't forget, that we have a full time online concierge to help answer all of your questions!