The government is considering a proposal that would cut interest rates on new loans for homes. This could drop the rate to around 4.50%. At this point the rates are at a VERY low 5.6%. It is not determined whether this new rate will apply to refinancing. I have found a good article from MarketWatch.com. I always keep in touch with our local banks here in San Angelo, Tx and will monitor their rates.Here is a list of Local Banks. If you have any questions feel free to contact me anytime.