Whats bad for stocks is good for mortgages, as of yesterday imo we have just started another refi boom. I locked MANY client in this week on 30 fix at 5.375% and 15 fix at 4.875%...the rule of thumb in my business is the more turmoil and negativity in the economy the better I do...I am seeing many investors coming off the sidelines this week as well ready to buy. Be happy you live in this state, it is kicking ass compared to the rest of the nation...cheers.