By the way, here’s some nifty info:
the mortgage rates are dropping because the world economy is so bad the US is a good place to invest so foreign investors are buying into US Treasury notes.
This is great news for anyone wanting to purchase a house or refi their current loan.
Rates on the Google search today are:
5/1 ARM from 3.125% (3.064 APR)
15-year fixed from 3.875% (3.949 APR)
30-year fixed from 4.250% (4.741 APR)