[ojm]

It would seem that there are some incredible values to be had in real estate right now. And at some point buyers will recognize this. That is the good news. The bad news is that along with tighter loan standards, inflation seems to be returning with a vengeance and mortgage rates could take a sharp upturn shortly. Adding to that, the barrage of bad news had had its effect and a lot of buyers are scared of commiting to a new or larger mortgages. Meaning, I don't have a clue when the real estate market will stabilize and I rather doubt anyone else does either. Tell me what the interest rate of a 30 year fixed rate mortgage will be a year from now and I'll offer my 'expert' opinion.