Rates rallied yesterday following a strong 5 year note auction. This helped pave the way for higher MBS prices and lower mortgage rates. By day's end MBS were testing historic price highs and lenders were repricing for the better. To remind readers, as MBS prices move higher, lenders are able to pass along lower mortgage rates. If you are a current homeowner who has been waiting to refinance, now is the time. We are seeing just about the best rates ever and there is not much more room for them to continue to fall. At some point, they will start to rise and remember, rates rise much quicker than they fall. If you are still floating an interest rate, call your loan officer and lock as soon as possible. Ahead of the holiday, lenders will have itchy trigger fingers to reprice worse. ...