What a great time to purchase a home! Mortgage rates have dropped once more for the third week in a row. Last year at this time, a 30 year fixed mortgage averaged 6.26 percent. This week the same mortgage is down to 5.14 percent. It's not quite down as far as the record low in April of 4.78 percent. Now is the time to jump on the bandwagon all you Buyers!! Not only are the mortgage rates low, if your a 1st time home buyer or haven't owned a home for 3 years, you also qualify for the $8000 tax rebate. With all the foreclosures and homes priced below market value, what are you waiting for? Call your realtor today!