Home shoppers rush in as mortgage rates fall

Good article and hopefully some good news for our industry.

By Anna Bahney, USA TODAY
Telephones are ringing — and ringing — at mortgage brokers' offices around the country after this week's sharp drop in mortgage rates.
Average rates on 30-year fixed-rate mortgages fell to 5.97%, down from 6.33% the week before, according to Bankrate.com. Some brokers report rates as low as 5.25%.

Read the rest of this article at:

http://www.usatoday.com/money/perfi/housing/2008-11-27-home-shopping-mortgage-rates_N.htm