What a day today! I woke up this morning and to my surprise the 30yr fixed was down to 5% and in some cases 4.875% - WOW! Couldn't believe it! Will it last? That is the question.

And althougth the rates are lower its still doesn't change the fact that the guidelines remain unchanged. In return lower rates are not going to help move homes any faster than the rates seen in recent weeks. Until something is done on the investors side to loosen guidelines to help people "qualify" we will still remain in the same position.