All things home equity loan
There is no talk about offering those same rates to current homeowners wishing to refinance, but rates for refinance should not trail far behind. Some economists hope that lower rates and the recent drop in prices will encourage prospective buyers to purchase now, thus breathing some much needed life back into the real estate sector. Contrarily, others believe low rates will do little to jump start the economy. Buyers are still unsure about jumping into the real estate market before it has hit the bottom. Marry that with increasing job loss and uneasiness about the current economy, and many buyers may not jump in spite of low rates.