Ok bloggers I am curious and need your advice on the interest rate situation with NVR. When we first signed our contract way back at the end of Feb. our interest rate at the time was 5.125% we were at a floating rate. We are not paying any points. We started asking for quotes the past week and for a week and a half the interest rate was at 5% exactly today it is at 4.875 with the way the market is going I am worried that it will go back up and not be below 5% so I wanted to grab the rate and lock it right away. However my hubby wants to see if the rate will drop. Today is Friday and with NVR we can only lock our interest rates Monday through Friday. I know its a gamble and thought it would be fun to read your opinions. The cut off today would be at 4pm so lets see what the audience say. :) Hubby is also interested in your thoughts. Should we grab it since it is the first day for us that it has dropped below 5% and originally our rate was 5.125 or should we take a gamble and see if it will drop down some more?