Interest rates to drop below 5%??

It may happen soon! The Treasury Dept. has been asked to consider a plan that would drive interest rates on 30 year fixed loans down to 4.5%! Details could be released as early as next week! Great news for you buyers that have been on the fence! If you've got job security, good credit and at least 3% down, there really is no better time to buy a home! Rates are currently hovering around between 5.5% & 5.75%. This interest rate drop would also affect refinancing. I'll post more details if/when they become available!