"A recent report from Redfin... found demand starting to pick up in December as rates fell. Redfin's Homebuyer Demand Index — a seasonally adjusted measure of requests for tours and other homebuying services — was up 10% from a month ago to its highest level since August..." (Article link below.) http://www.nbcmiami.com/news/business/money-report/mortgage-rate-decline-pushes-buyers-back-into-the-housing-market/3200298/