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Cornerstone Mortgage Blog
Mortgage rates are at an all time low and now is the best time to shop for that low rate. The mortgage industry is seeing an increase in mortgage application's with "first time home buyers" looking for that new purchase and others wishing to lower their fixed rate mortgage from a 6% to a 4.75%. It is true that our country is in an awkward position. The federal government must keep interest rates low to prevent the nation from falling into a depression. This will not last long so take advantage of the opportunity now. If you have a fixed rate loan at 5% or above, you should look at the possiblity of lowering your rate considering you may not see rates like this for a very long time.
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