Good news! Good news! It appears that due to the low interest rates, the United States mortgage applications are on the rise! During the first week of 2009, refinance applications rose to the highest level since 1993!

Since Fed has committed themselves to buying mortgage-backed securities, the interest rates should remain low at least for a little while. My advice is if you plan on refinancing your mortgage, do it now!

So, here's my question...with the interest rates down and refinancers on the move, do you think the foreclosures in the Country will slowly start to decline?