You can't wait any longer if you wish to buy or refinance and take advantage of the low rates. The government intervention into the mortgage backed security market is almost over and that means rates will start to rise. There is no talk about further intervention as we sit here today that's why I am making this declaration.
Next year this time we may be in the mid six percent range so if you can buy now....BUY. If you can refinance now REFINANCE NOW.
Don't get greedy or cute because you will get burned or as they say....pigs get slaughtered.
I wish us all well.