Tempe Arizona Mortgage Rates December 8 2008

A thought: with all of the mortgage company closures, I am wondering what a true refinance boom will do to the mortgage companies.  Is there enough credit and capacity to finance all of those people who want to refinance their 6.x% interest rate into a 5.x% interest rate?

As I said last week, if you are looking to buy a new home, now is a great time to start the process.