Current mortgage and refinance interest rates

Product                                    Interest Rate     

15-Year Fixed Rate                 5.46%                   

10-Year Fixed Rate                 5.40%                   

30-Year Fixed Rate FHA        5.75%                    

30-Year Fixed Rate                 6.16%                    

Now might be the time to purchase that home you've been waiting for.   Prices are down and so are interest rates making your buying power even stronger.