30-year mortgage rates are at an incedible rate. I am closing on Wednesday on a 15 year fixed at 3.25%. My first payment is due September 1, and I will pay more in principle than in interest on my first payment.
A 30-year fixed rate is at 3.75%. If there is any chance of you refinancing or buying a home, now is the time.
Back in the 60's my father had a mortgage at 5.5% which is what my mortgage was, but when it dropped to 3.25%, I had to do it!