As we noted earlier, the Fed announcement last week pushed mortgage interest rates to shocking lows. Rates have drifted up again this week a but but it is still a great time to refinance. Here is a great quote from Housing Wire on the subject:
A separate rates survey conducted by Bankrate.com found that mortgage rates this week actually hit their lowest point since the Eisenhower era — yes, the 1950s! According to Bankrate, the benchmark 30-year fixed-rate fell 10 basis points to 5.19 percent, while the benchmark 15-year fixed-rate fell 6 basis points to 4.8 percent.
