Rates are stunningly low … now is the time to refinance or get into that mortgage you’ve been holding off on.  Don’t wait for them to go lower as lenders will make it harder for you to qualify if they can’t make real money off of your loan and as we all know, the lower the interest rates the less money you’re paying the banks.

Check this out:  http://money.cnn.com/2011/12/15/real_estate/mortgage_rates/

I can’t tell you how many calls I get from exited buyers when Ben Bernanke and his crew cut the Fed Rate. Fed Rates tie to home equity lines of credit, credit cards, and car loans and do not directly impact mortgage rates.

Do you think the rate cuts have a physiological effect on the housing market?