As the economy is still uncertain, many people are worried about the future. This has led to a drop in the mortgage rates around the country. For the tenth time in eleven weeks, the rates have fallen. They are on par with the lowest rates ever recorded. This has also led many people to begin refinancing their homes.
The low mortgage rates are enticing many people into seeking the lower rates. The bad news is that the new low rates are still not helping the slumping housing markets. Home sales are still low and they don’t seem to be improving anytime soon.