Open Question: Okay so I am hearing that rates have been cut significantly here in th

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ast May with a Fixed rate of 6.5%. I am assuming this cut has everything to do with all of the adjustable rate loans out there and the overwhelming jump in foreclosures. My question is, do I have any options to try and even get a better rate with these recent cuts or am I stuck right now with just waiting for another 3-5 years to refinance to get a better rate. I am currently attending college and would love to be able to lower my mortgage payment that I am paying right now. Like I said I will have had my house for a year in May. Any thoughts??


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