As I mentioned a few days ago, low interest rates are helping people in this area cut down their monthly housing costs.

And yet interest rates keep falling further --- according to MarketWatch:


What is remarkable is that the national average rate is always somewhat higher than you can acquire from a lender locally.  I reviewed a good faith estimate yesterday for a re-finance at 4.875% fixed for 30 years. 

If you'll definitely be buying in the next 3-6 months, now is a great time to consider doing so, given current rates.  And if you aren't looking to buy / sell, but you have a rate higher than 6%, you should definitely investigate the cost savings of re-financing.