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Want to hear some great news for mortgage rates, bidding wars on homes and getting a human response with financing?

Some good news today in the Money section of msn.com. Interest rates are at historic lows. So if you are waiting to buy I would say go for it. You have more buying power when the rates are low. This will allow you to afford more home. There are also bidding wars going on on some homes around the country. I have even experienced in a recent offer with some buyers in the Boulder area. One more good thing that hopefully will help buyers and refinancers: having actual people at the bank/mortgage company have a say in the approval. We all probably know someone who might have been impacted from the recession and this may have hurt their credit in some way. Now they will have the chance to explain their situation. Let’s hope this gets mortgages moving again. See the article here: http://money.msn.com/home-loans/article.aspx?post=8191a4ce-6ef8-48a8-8225-6cddc2959900

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