About two weeks ago I wrote a blog talking about how low mortgage rates could go.  Just when I thought they couldn’t go any lower I saw the Monday morning paper where the headlines read that they had been reduced again.

According to the paper, a lot of investors were not pleased with the European markets and this has driven them to other avenues.

I always talk about the “bundle of costs” that are involved in a purchasing decision.  These costs include interest rate, price, insurance, taxes, regime fees and possible income.  I think it is great for the market that these rates continue to be at all time lows. 

We need some good news in this real estate market and I think this is a great start!