I can't get off the phone with anyone I know without first having to hear about their particular mortgage story; Okay, maybe that's an exaggeration, but not that far off.
The first I heard this morning was about a mortgage broker in Annapolis who is so busy he can't answer all the phone calls coming in.
That is because more borrowers are rushing to refinance yet again, as mortgage rates dipped on bad news last week in the world economy and the Federal Reserve's announcement that it would get back into the business of buying mortgage backed securities from Fannie Mae and Freddie Mac.
It's not a sign that home buying is surging.
What was more interesting was the phone call with a producer at CNBC this afternoon, who told me that she is trying to refinance but getting wildly different rate offers from the different lenders she has contacted. This story jibed with a release from Lending Tree todaysaying that the spreads between the average and lowest mortgage interest rates are widening.