Last month we saw rates drop from the low 7%’s to the mid 6%’s. It happened on a single day and was the record for the most mortgage rates had dropped in one day – about .50% across the board. Yesterday we saw them drop again, about .25%. So today you will find lenders quoting a 30 year mortgage rate anywhere from 6.0% to 6.25%, depending on loan size, credit score, etc. So in about 30 days we have seen rates drop almost a full 1.0%. That is awesome!!!!!