Have I mentioned low interest rates?

I'm not sure if y'all have caught it...but interest rates are low and getting lower.  I saw one of the lenders I work with this AM at 5.25%.  If you were above 6% when you financed your home, this is about $100 savings/month (on a $200,000 home).  That's good deal.

I know some of my clients are waiting to see if rates go lower--say into the 4s.  One lender in town thought that they might for new purchases but not for refinances.  The goal of lowering these rates is to stimulate the buyers.  A homeowner refinancing doesn't really help stimulate the housing market.  Therefore, if they do drop, that rate may not be available to everyone.