Does anybody else pay attention to Inflation, The US Dollar, Oil, not to mention just Basic Economics 101 (supply & demand)?? Anybody buy Flour lately? Did you know Wheat is Scarce? OK... I'll step down off of my soapbox.
Reality Check: One of my buyers was floating his rate (non-jumbo but no income verification) trying to squeeze 1/8th of a point. In the few days he did that he was required to put an additional 5% downpayment ($500K+ house - $5% = 'Real' $). He locked. If he waited another week, the progam was NON-Existent - therefore so was his house purchase.
These rates are Very LOW right now (historically). Remember Pigs get fat & Hogs get slaughtered.