Most pricing has improved slightly, but look at the substantial improvements for 30-yr rates (with 1 point) for loans between $417K -$500K, and also $500K-$600K. There seems to be a likelihood of continuance of quantitative easing being practiced by the Fed. (Quantitative easing is a process in which the Fed prints money & uses the cash to directly purchase Treasury debt – putting downward pressure on rates.) Be cautious, however, in advising buyers/borrowers to hold out for better interest rates. A borrower is better off locking an interest rate, then hoping for the opportunity to float their rate down to a better rate – should one later become available prior to closing.
Ginger Sullivan, Anasazi Mortgage