Now SUPER low mortgage rate that can get even lower..

The 30y fixed high balance is only 4.5% with no cost. This was unthinkable even weeks ago. Now some experts are predicting 3.x% rate for 30yr fixed this winter.

It is hard to imagine what kind impact/effect it will have in the future given such cheap loans are given to so many home owners. There was news that FED even gave non-financial companies like IBM 1% loan in hope that they can create more jobs. Is this creative or insane? I guess given the current thinking from FED anything can happen.