Sorry for such a short post today.  We are getting some economic data, but it doesn’t matter this morning.  Just say hello to low rates. 

The government just announced a $500 billion purchase of mortgage backed securities.  This news alone has caused rates overnight to drop by almost .50%, that right a half of 1 percent.  If you have been waiting to buy or refinance, now is the time.  Lenders will be swamped with business, so get your loan in.