COULD HAVE DONE THAT APRIL 30th THIS YEAR. GENTLEMEN, THANK YOU ALL >>> BECAUSE OF THE DROP IN YIELDS, MORTGAGE RATES ARE ALMOST AT A TWO-YEAR LOW NOW DIANA OLICK HAS THOSE DETAILS. >> Reporter: THAT'S RIGHT, KELLY. RATES DROPPED 11 BASIS POINTS AFTER THE CPI REPORTTHIS MORNING. THE AVERAGE RATE ON THE 30-YEAR FIXED IS DOWN TO 6.11%, AND THAT'S ACCORDING TO MORTGAGE NEWS DALETY. IT'S BEEN FALLING FOR SIX STRAIGHT WEEKS, BUT DEMAND SEEMS TO BE WAITING TO COME OUT OF THE GATE REFINANCE APPLICATIONS ONLY INCREASE 1D% THEY WERE 100% HIGHER THAN A YEAR AGO THE NUMBERS WERE SO LOW LAST YEAR, THAT EVEN WITH A LARGE GAIN, REFINANCING IS STILL HISTORICALLY LOW MOST HAVE RATES WELL BELOW 5%, AND NANYONE REFINANCING BOUGHT THEIR HOME IN THE LAST TWO YEARS WHEN RATES MOVED SIGNIFICANTLY HIGHER APPLICATIONS TO BUY A HOME ROSE JUST 2% FOR THE WEEK STILL 3% LOWER THAN THE SAME WEEK ONE YEAR AGO, GIVEN THE HIGH PRICES OF HOMES AND LOW SUPPLY A LOT OF POTENTIAL BUYERS ARE WAITING FOR THE EXPECTATION THAT RATES WOULD MOVE MUCH LOWER. THE CEO OF TOLL BROTHERS SAID ON CNBC THIS MORNING THAT HE DOES EXPECT RATES TO COME DOWN INTO THE 5% RANGE, AND HE SAID WHEN THAT HAPPENS, YOU SHOULD "LOOK OUT, BECAUSE THE MARKET SHOULD TAKE OFF." KELLY? >> WOW, WOULDN'T THAT BE NICE, BUT IF THAT PUSHES PRICES UP FURTHER, HOW MUCH DIFFERENCE DOES IT MAKE 6.25% VERSUS 5.8% >> EVERY TIME YOU DO A REFINANCE, THEY LOOK FOR 75 BASIS POINTS IF YOU'RE BUYING A HOME, IT CANNOT ONLY MAKE IT MORE AFFORDABLE FOR SOME BUYERS, BUT IT ALSO MAKES THEM QUALIFY FOR THE MORTGAGE REMEMBER, MORTGAGE LENDING IS VERY TIGHT RIGHT NOW A LOT OF FOLKS THINK THEY CAN AFFORD IT, BUT THEY DON'T QUALIFY