Mortage rates fell again...

While it seems to be old news that 30 year fixed rate mortgages are hovering around 5%, it should still be impressive! After seeing a slight increase a month ago, the rates have now fallen over the last 4 weeks. Thirty year fixed rate mortgages are right around the 5 and 1/8th mark, while 15 year fixed rates are a little over 4.5% per Bankrate.com. This trend continues to make it a great time to consider a move or a refinance, depending on your circumstances. A 5% mortgage is still an amazing deal... even after the newness of that figure has worn off!