If one of the biggest fears for our economy is deflation, why would the Fed come out boasting a 4.5% conforming rate.  To the masses this keeps potential homeowners on the fence.

Many of my clients have decided to go ahead with a no cost refinance now to hedge their bets on the interest rates.  No cost refinancing allows a homeowner to refinance, lower their rate and not increase their mortgage balance. 

As a Certified Mortgage Planning Specialist in Gardner, Kansas, I have been helping clients manage their mortgage for over 13 years.  I literally pay all the closing costs and the client takes their savings and either applies it to their principal balance or directs the funds into an investment account.

If rates continue to fall then we have an opportunity to lock in at the lowest rate without paying closing costs multiple times.

Ron Yarbrough