Wham, Bam!! Mortgage rates are dropping to record lows with no end in sight.

On Thursday, the 30-Year Mortgage rate dropped to a record 4.94%.

How low will they go?

The big question is when will this “shot in the arm” stimulus be taken advantage of by enough homeowners to make an impact on reducing the inventory of homes on the market.  The 1-2-3 punch is 1) low interest = low payments attract new home buyers; 2) lower interest can help existing home owners that qualify reduce their payments to help with their cash flow; 3) lower interest brings in more investors to pick up homes for rentals now and appreciation in the months to come.

Click Here for the complete story on MSNBC…

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