An, You might be interested in checking this out...http://mortgage-x.com/general/rate_trend.asp ...lot of interesting information. Also keep an eye here......http://www.fhfa.gov/

Dunes

How freaking low do you need it to be? If you cant handle 4.9 with ease maybe u shouldnt buy a house.

if you can do 4.9 % rate dont hestiate. this rate has not been around for months and will not come back.
depending on how many points are you paying?

An,

If you get a chance, take a look at my blog "The Rules of Refinancing." I think it will address most of your concerns. And if I can be of service, let me know how.

Best of luck and keep me posted.

Rob

An, if you've looked at the costs, you are saving money and you are satisified with your break even point, then go ahead. I know of several people that locked below 4.7 0/0 but, as you probably know, rates will differ. Compare compare compare, then do what's right for you.

This is straight from one of the mortgage brokers I use in an email today.

**Many of you have been hearing and are up against the argument "I am waiting and holding for 4.5%"...but here's one reason we may not get there. Yes, the Fed has been buying Mortgage Bonds, but if you look at what they are purchasing, they are buying a lot of FNMA 30-yr 5.5% and 5.0% Bonds, which won't have much of a positive effect on present rates.**

With rates at 4.9% this is 1.5% lower than what we had in a recently as in late 2008. The difference in payment on $250,000 is about $60.00. I am not sure of what you are doing buying or refinancing but in this economy I rely on "bird in hand".

Lock.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX
MSmith@PrecisionFundingUSA.com
http://www.PrecisionFundingUSA.com

Obama has nothing to do with the rates. 4.9% is a very good rate, i would say dont get greedy. rates are bouncing around.

Lock it now, it's fantastic and we have no idea what the future will bring