Did anyone else notice that in the last few years, a common real estate advertising theme was, "if you wait until prices are better, mortgage rates will be higher so you'll lose"?
Mortgage rates fall across the board
September 5, 2008
"Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac reported that 30-year, fixed-rate mortgages dipped to 6.35 percent this week from 6.40 percent last week. It marked the third consecutive decline and left rates at the lowest level since July 17, when they stood at 6.26 percent".