I'm getting pretty anxious...my lender still is at 5.5%, but the buydown to 5% just got $1000 more expensive in the timespan of a day basically. I'm not sure what to do anymore, it almost seems like all of the "things getting better slightly" irrational news is piledriving the rate right now.
I have been keeping track of 4 lenders rates with a google spreadsheet since last friday. For the most part they have all stayed completly constant except for U.S. Bank rates for FHA 30 year. Their rate jumped to 6% today@!! I'm not sure whether to take that as a sign of things to come or whether they are just a little too trigger happy as they did a jump to 5.875% on monday (6/1) and then came back right down to 5.5% the next day.
Would the experts please placate us poor souls a little? Can Big Ben pull the rates down again?