Drop in again and let us know how you are doing :) This was incredibly encouraging to read.

It will make sense to do this, I'm not convinced that rates have dropped enough for that yet.

If you were about to sell your house and your listing agent told you that you only need to pay 3% now instead of 6%, would you drop your price by 3%?

I can tell you that Various "Streamline" mortgages become available when rates drop. 

However, generally there is about a month or two lag with DSCR Loans between what is being quoted today and what is funding today due to deal cycle, and while there has been a ton of volatility recently, newer quoted rates are dropping and I'd expect our average to be a bit lower by the time July is through and for August - probably in the low sevens range

And FYI not everyone is going for the 10 year fixed period, some people are saying "I'd love it fixed for only 3 years, I think rates are going to be drop, and it'd be great if my rate dropped automagically without refinancing." 

The Comps give the property a market value of 200-220 but they are selling as is so they dropped the price.

The Comps give the property a market value of 200-220 but they are selling as is so they dropped the price.

Look how much long there DOM there are and priced drops everywhere.

I believe everyone expects rates to drop a bit but still will not touch those levels.