http://www.mortgagenewsdaily.com/8292007_Mortgage_Rates.aspMortgage rates in general took a fairly substantial dive during the previous week with longer term rates dropping double digits in most cases and some rates returning to mid-2006 levels. However, the Mortgage Bankers Association reported a spectacularenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/8292007_Mortgage_Rates.asp#8615Mon, 03 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8615Kenneth of Mortgage Note BuyerI am glad that the mortage rate dropped. That&#39;s super. I invest in real estate in Texas and it makes it way easier to get owner-occupants qualified. But I&#39;ll say this. I don&#39;t even like the ARM loans anyway. I think that they are just a trap for prospective home buyers. But then again they know what they are going into before they do it. Kenney<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8615" width="1" height="1">