The economy seems to have bottomed out in July 2009, and has grown at a little more than 3% in the second half of 2009. However, the supply of credit is still tight. Lenders have tightened their standards dramatically, so the best rates available are for those with solid credit and a 20% downpayment. Rates for a 30 year fixed mortgage is 4.92 this week up from 4.87 last week. Rates for 15 year fixed mortgage rose to 4.37 this week from 4.33 last week. These are still lower than the 5% plus rates in 2008. Now is still a great time to invest in a home. Hopefully, lawmakers in vote to keep the $8000 tax break for home buyers in tact until June of 2010. I will certainly keep you posted. Call your Tropic Shores Realtor today for a list of great buys throughout Central Florida!