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If mortgage rates plunged to zero: Imagine financing a home purchase with a no-interest mortgage. You’d probably never want to move again.

As rates continue their downward drift, some are asking what the home buying world would look like with Zero Percent interest rates.

From the Wall Street Journal:

“Rates at or near 0% could bring more first-time home buyers out of hiding to seek out extremely favorable financing for a house, Sahnger said. Get [...]

Mortgage Rates Dip to New Record Lows

DSNews.com reported some good news for prospective home buyers (who qualify) last Thursday:

“Mortgage rates continued to slide downward for the week ending July 29, 2010, marking yet another round of record lows, Freddie Mac and Bankrate reported Thursday.”

“For the sixth week in a row, interest rates on fixed-rate mortgages eased [...]