It hasn't gotten too much press but conforming interest rates have dropped sharply in the past few weeks to historical lows.  Rates at most lenders are now down in the high 4% range and in some cases with no points. If you're a buyer, this is a great opportunity to lock in a great low payment or conversely to buy a more expensive home with the same monthly payment as a lower priced home just a few weeks ago.  For Sellers, it's a great opportunity to re-fi and potentially save thousands of dollars over the life of your loan. Don't expect rates to stay down there for long though. The Federal Reserve has already announced their intention to end their purchases of conforming mortgage backed securities early next year and that will likely push rates back up again.