Freddie Mac is reporting that mortgage interest rates are at an all-time low with 30-year fixed-rate mortgages available at 3.94% and 15-year fix-rate mortgages at 3.26%. The cost of a mortgage has never been lower during my lifetime (since 1955). Real estate prices are also at record lows.
Now is a great time to refinance or purchase a home.
Source: Freddie Mac