Mortgage Rate Falls Under 4.5 %
Freddie Mac reports that long-term mortgage rates moved south again this week.

Interest on 30-year fixed loans hit a new low of 4.49 percent, compared to 4.54 percent last week and 5.22 percent a year ago; and the 15-year mortgage landed at 3.95 percent, down from 4 percent last week and 4.63 percent a year ago.

Five-year adjustable-rate mortgages reached a new low of 3.63 percent, down from 3.76 percent last week and 4.73 percent a year ago; while one-year ARMs fell to 3.55 percent from 3.64 percent last week and 4.78 percent a year ago.

So with Interest rates so low WHY are homes not moving. Its basically pretty simple,
F E A R ! Buyer are very scared right now, they do not feel secure in their jobs,the economy is in the toilet and so those of us who have Jobs need to work extra hard to keep them, and those of us who have some money need to work extra hard to keep it, and not spend it. Buying a big ticket item like a home requires major commitment which todays buyers are not willing to do, not until the econom gets better.

Will it turn around, yes it will , when? I would say we will see better results in summer of 2011.