Mortgate Rates falling?

[enron_by_the_sea]

WSJ.com is full of news about huge drop in 30-year mortgage rates.

http://online.wsj.com/article/SB122761978389056335.html

“The intervention, the latest in a series of unprecedented government actions, immediately pushed down rates on 30-year mortgages by as much as one-half percentage point.”

Can anyone confirm? What is the lowest 30-year fixed rate can someone with good credit/money get now? (no-points ~USD3000 closing costs.)

UPDATE: Calculated risk & bloomberg is also carrying the story for those who do not have wsj.com subscription
http://calculatedrisk.blogspot.com/2008/11/mortgage-rates-fall-30-year-fixed-at-55.html
http://www.bloomberg.com/apps/news?pid=20601087&sid=auvAhFArbMZo

[Coronita]

Buy now or forever be priced out!!!!!!!!!!!!!!!

[Coronita]

Buy now or forever be priced out!!!!!!!!!!!!!!!

[Coronita]

Buy now or forever be priced out!!!!!!!!!!!!!!!

[Coronita]

Buy now or forever be priced out!!!!!!!!!!!!!!!

[Coronita]

Buy now or forever be priced out!!!!!!!!!!!!!!!

[moneymaker]

10-4 the next up cycle will run concurrent with high interest rates > 10% in my prognostication.

[moneymaker]

10-4 the next up cycle will run concurrent with high interest rates > 10% in my prognostication.

[moneymaker]

10-4 the next up cycle will run concurrent with high interest rates > 10% in my prognostication.

[moneymaker]

10-4 the next up cycle will run concurrent with high interest rates > 10% in my prognostication.

[moneymaker]

10-4 the next up cycle will run concurrent with high interest rates > 10% in my prognostication.

[equalizer]

Is this mother of all refi’s happening? Could this could stop housing freefall? I always thought feds could pull a stunt like this, that’s why I thought housing wouldn’t crash.

We all kew that feds would try to reflate to boost the economy. Why the heck didnt they do this sooner??

[equalizer]

Is this mother of all refi’s happening? Could this could stop housing freefall? I always thought feds could pull a stunt like this, that’s why I thought housing wouldn’t crash.

We all kew that feds would try to reflate to boost the economy. Why the heck didnt they do this sooner??

[equalizer]

Is this mother of all refi’s happening? Could this could stop housing freefall? I always thought feds could pull a stunt like this, that’s why I thought housing wouldn’t crash.

We all kew that feds would try to reflate to boost the economy. Why the heck didnt they do this sooner??

[equalizer]

Is this mother of all refi’s happening? Could this could stop housing freefall? I always thought feds could pull a stunt like this, that’s why I thought housing wouldn’t crash.

We all kew that feds would try to reflate to boost the economy. Why the heck didnt they do this sooner??

[Author]

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