Mortgage rates that is?last week it was reported that mortgage rates fell to an all-time low of 4.54%.
15 year rates are also at a record low of 4%.
But it doesn?t appear that the housing market is rebounding as of yet.
The problems seem to be a glut of inventory, too many houses for sale, too many foreclosures, too many short sales?.
And too much bad credit. Mortgage rates are at record lows but at this time there are fewer and fewer people who can even qualify for a mortgage loan because of the increased lending standards and too many people suffering from bad credit.
Repair your credit today.
