Should I purchase/refinance or not?

Let me guess....... you're waiting to purchase or refinance your home because rates will soon be 4.5%. This seems to be a reoccurring theme out there and my concern is that Texans will miss out on an opportunity of a lifetime. Here are the facts:
Mortgage interest rates are the lowest we've seen in over 37 years!
Texas continues to be a seller's market and home builders are offering HUGE incentives
Right now, you have a bird in the hand so why would you wait to get an interest .125% or .25% lower when you can not only take advantage of historically low rates now, but you can also purchase a home and be in an equity position from day one?
The same holds true for refinances. This past Thanksgiving, you could expect an interest rate of 6.5%. Today you are looking at rates below 5%! Could rates get lower? Your guess is as good as mine, but are you willing to risk losing out on today's rates for 8 dollars a month?
If we have learned anything throughout these turbulent economic times it has been that the marketplace is unpredictable. NOW is the time to purchase and NOW is the time to refinance!

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