Interesting note that supports our views on the unlikelihood of rates moving much lower – last Friday, Jack Koskinen, interim chief executive of Freddie Mac, said that home loan rates are near the bottom and that any further decreases will be small.

Mr. Koskinen commented on mortgage rates after he attended the meeting between President Obama and the CEO’s of the financial services companies on Capitol Hill.

So…get the word out to clients who are sitting on the fence waiting for that 4% rate…now is the time to purchase or refinance as rates are at historically low levels, and not likely to move much lower.