This is a great time to buy with mortgage rates hitting a record low of 4 7/8 per cent for a 30 year fixed and 4 1/2 with one point. Rates have not been this low in almost three decades. With a great inventory of properties and outstanding interest rates--NOW is the time to buy.
Wells Fargo Mortgage Department is also offering their "lock and shop" option for mortgage loans. It's not a hard lock but you can lock the lower rate and then shop for your property of choice. The rates can go up during your "shop" but only 1/8 of a point which still makes it a great opportunity to take advantage of these low rates.
