Weeellll, the 10-year treasury just broke some magic resistance level at 0.58%.  15 years residential mortgage rates at my local bank were down to  2.5% on March 10-12-16th whatever that day was when they crashed big this spring, then back up to 2.75 and as high as 2.875, then back down to 2.5% for the last month, and when I checked today they were down to 2.375%.

ARM's at my bank are roughly 0.5% higher than fixed mortgages.  Not sure why.

I've been reading this website off and on this year as we look towards a refi on our house.  Who would believe a 3.75% 10-year lock 5 years ago would suck 5 years down the line?
http://www.mortgagenewsdaily.com/mortgage_rates/blog/950770.aspx


Buncha ugly GDP data maybe coming out soon, who knows how low we can go on rates?