Daily Money - Mortgage rates continue to decline

Potential homebuyers waiting for the impending rate cut in September to buy may be in for a rude awakening. Historically, there have been massive increases in demand whenever rates come down. This could mean increased competition and bidding wars which could potentially offset whatever savings lower interest rates would bring. Rates are slowly declining in anticipation of the cut — now could be the ideal time to take advantage of the situation before demand increases. With that in mind, Money has compiled a list of top-rated mortgage lenders, some offering quick quotes and pre-approval (subject to qualification) to get you started fast.