Rates have now fallen back to an all-time low, right around 5%, in some cases lower on government VA 30 year fix loans.
Once again, it is a great opportunity to buy a house. A lot of people are predicting this is the last run on rates going down, due to the inflationary factors that will be coming in the future due to governement spending at such a high rate. The government will soon have to start raising the cost of borrowing short term money to be able to pay for debt that is currently being incurred.
Kerry Greenwald Sr. VA Loan Specialist