Well, in the short term, yeah, they did! The "We must discuss this with our mother-in-law" crew did indeed miss out in the short term. They didn't take their LO's calls, they didn't respond to that text, they mucked about, they "needed to think about it," the bottom line is that they screwed up!

The "then" is when your gal or guy called you a week ago. You didn't respond. You missed out.

Or did you? 

Things might turn. Processing refinance loan applications has hit capacity. Industry wide, no one started staffing up a year ago for #coronavirus. How could they?

But... that'll turn.

The S&P is still in the toilet. Trump did not cure coronavirus. The King of Saudi Arabia did not come out and say "hey guys I'm just joking about that oil price war, nevermind." None of those things happened. So rates should - in the medium term - still be rock bottom.

What you SHOULD be doing, if you missed out because you needed to "think about it," is apply for a refinance with your favorite in-state loan originator (I'm California only, sorry folks in Nebraska!), FLOAT the interest rate, get all paperwork in, appraisal ordered, bla bla bla.... and just sit there like a sniper.

So that as soon as the mortgage industry capacity issues are solved, boom, you're ready to fire that bullet and lock your rate. Boom!

Cheers, and good luck. :)