Real Estate/Finance gurus

Thanks, Dan. While some of the acronyms are meaningless to me, the English part makes it sound like they're aware that some 'grandfathering' will have to be done or people will just sit on their hands and not buy anything for two months, which would put the whole system into a tailspin. They just can't release details of how that retroactivity will work since they honestly don't know yet.

I've seen some programs that offer 95% financing with pretty high rates (currently, since they're still considered "jumbo" loans) that can be refinanced for free if the new program saves $150/month or more. Would one of those be a good idea? A little temporary pain now (since the payment would be around $4,300 instead of $3,600) for another 29-1/2 years of happiness later, once the new policies are announced and we refi to the new non-jumbo rates?