Rates on Mortgages Drop To Nearly Record Low

Rates on a 30-year mortgage dropped to 4.94%, which is not the lowest we have seen in mortgage rates this year, but it may be enough to entice people into refinancing or even buying.It has been reported that the low mortgage rates, along with the tax credit offered to new homebuyers, caused the number of contracts for homes to be signed which is a good step in the direction toward rebuilding the housing market.

These low rates on mortgages are not going to last much longer because the Fed is looking to slowly close the low mortgage rate program because low rates in the long term will do more harm then good to the economy.

So, if you are looking to buy a new home or refinance, the rates on mortgages will only be 4.94% for a little while longer but you need to act now if you wish to capitalize on this nearly record low mortgage rate.

With interest rates at historical lows most are willing to take every necessary step to lower home loan payments.  In fact, some may be willing to use tax refund checks to sink more equity into a home.  With this in mind some are looking for WalMart TurboTax Business Federal and E-File Edition 2011 to file online as soon as possible.

As an alternative some thrifty shoppers may be looking for Sams Club Turbo Tax Basic Federal and State Edition 2012.  Remember that Sams Club and WalMart often have very similar prices but it might be wise to check out all options.  Alternatives include Best Buy, Costco, Staples and Target.