On November 25, 2008 Hank Paulson announced treasuries would reinvest in the mortgage back securities. As a home owner or buyer that lowered mortgage rates from about 6% to 5.25% on a 30 year fixed.
Not depression, but “DEFLATION” has recently been announced.” Deflation is not favorable for the current economy but as a home owner the last time we were in a deflation period (2003) we saw mortgage interest rates drop to roughly 4.625% on a 30 year fixed.
It is never to early to plan and structure your financing to be prepared to refinance when the time comes.