Interest rates have been hovering around a 600 year low. Unprecedented!
What does this mean to you? More buying power!!! You can buy more house with less monthly payment. IN FACT it is actually cheaper to BUY A HOME than to RENT! Interest rates have been under 3 percent!
It also means that the lenders are backed up! Lenders and appraisers are swamped with refi's and purchases so allow extra time in your closing time frame! Averages right now are about 45 days from accepted offer to closing!