Mortgage Bonds are trading at some of their best levels in over two years and interest rates are heading lower.

Just last week, various Fed officials hinted at the possibility of another round of rate cuts to help the financial markets get back on track. The stock markets reacted favorably in anticipation of that rate cut by advancing nearly 400 points last week, something not seen in over four years!

We've been advising locking in these rates for the past couple of weeks and are currently in uncharted territory. Remember, once the Fed makes their final rate cut, interest rates will begin to move up and not look back.

Call your lender … lock that rate!

Published: December 7, 2007

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