Fixed-Rate Redux

" Our own please. Dividend today Tracy Byrnes was a lot going on Saturday night with a moment. They don't even know everything Tracy -- tell us about things across the country mortgage brokers -- with a flood of calls."

" Marta Jerry to coming down for bunch of reasons you have a recessionary economy you have inflation that is finally under control and you have a -- that's coming out and finally buying back debt and keep in mind when they change interest rates that does not affect the long term mortgage rates. But when it seems that when they come in and they buy debt. That's when you start to see your mortgage rates come down so is it time to buy or refinance herself rather certainly is if you're in the market to refinance actually go out -- to probably do for 5%. If you're in the market to buy a home. He -- time on it because for one thing we don't know what Obama's gonna have in his stimulus package he might actually offer some tax breaks for first time buyers. -- wait for that but the bypasses takes time meaning -- you gotta go looking got to get yourself approved you need good credit. Gay stuff up there its application for really good credit rate. And you might get some really great loan rates have fallen now like seven straight weeks -- is there a sense for how low they might go. They're going to probably keep going a little bit more actually -- to -- right exit well as you're gonna try that's why should -- on the -- side though you're talking about a short term rate. And that's where they are right now based on prime and that based on the federal funds rate of what was just recently lowered time yet to determine rates could come down and get some good deals. I'm more -- stuff get a house later Vega who it's burned legacy."