It seems that what pundits say that the President's Day is the start of the spring buying season is true. We have had a significant increase in mortgage inquiries since that Holiday. Particularly in the New York market. Prices for single family residences have come down slightly for the NY market. Buyers are active and are seeking new financings. Florida inquiries, on the other hand, remain slow. With most of Florida being grouped in a declining market area and loan to values being reduced by 5% purchases are a tough sell and refinancings are hard to get the value needed. In most cases values are lower then what homeowners owe! Check out my website, www.empirehomemortgageinc.com , for suggestions on locking in rates or answers to your questions.