If you read my entry on March 4, you received some insight on which direction mortgage rates might take. I shared with you Brandon Foor's comments to me on the matter of refinancing.

Those readers who followed my suggestion to get ready should have already heard from their mortgage agent today. The rate for a conforming 30-year fixed is at 5.5%. If you haven't locked your refi or purchase loan, I suggest you speak with your mortgage agent ASAP.