The temperature is dropping and so are the Interest Rates!

Interest rates are at historic lows. Pricing is down. Do we have a perfect storm for a great real estate market in 2009? Time will tell but in the mean time....It's a great time to buy or sell real estate. Warren Buffet once said "When the tide goes out, you will know who has been swimming naked." Don' t get caught and look back at this time and say " Darn I should of done it back then!" It will not stay this way forever. Here is a sampling of today's interest rates:

Edina Realty Mortgage
Conventional 30 Year Fixed 4.625% (4.771% APR)
FHA 30 Year Fixed 5.000% (5.150% APR)
VA 30 Year Zero Down 5.000% (5.201% APR)
15 Year Fixed 4.375% (4.628% APR)
Rates as of 1/8/09 11:12:00 AM