The government is coming in to the rescue in more ways than one.  Mortgage rates have gone down to around 5.5% and government backed loan guidelines have softened.  This is not only good news for new home buyers but also for those who want to get cash out or refi their property.

How long will it last? Who knows but some mortgage experts are predicting that rates will go up after the first of the year. Any thoughts on this?

Posted by Blake Reese on December 2, 2008