I am not kidding. This economy is completely dead. There are no jobs. Artificially over-priced houses aren't selling because people can't qualify with their new reduced wages. Not to mention credit reports that are shot.
Not in my life did I ever think we'd see 3% mortgages. I'm waiting for 2% and I am not kidding. Japan, here we come. http://finance.yahoo.com/news/rate-30-mortgage-falls-record-3-87-pct-150348197.html