Rates have slowly moved lower since the beginning of 2014. This trend has much to do with Europe, and until the trend in European economic concerns reverses, the trend in rates is likely to continue. The ECB may vote on January 22th to add liquidity to the European markets with Billions of additional supply of money that could weaken the Euro value and strengthen the US Dollar. If this happens more money may come to the United States to buy our Bonds and Treasuries resulting in additional decline in our mortgage interest rates!The tricky part is that this can reverse any day in the future and rates would rise and you would have lost your opportunity to buy or refinance!Please call us today to discuss your goals of buying or refinancing a home! We call do all loans in the State of Florida. We close loans every month all over Florida!