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Current Mortgage Rates

Posted at 2:02 PM, Nov. 20, 2006

Current Mortgage Rates
 
30-year mortgage rates are at eight-month lows. Rates are now 6.24% with 0.5 point whereas last week they were at 6.33%. This reflects lower concern of inflation. This may be a good time to buy with low mortgage rates and a large supply of available homes.
 
15-year rates are now at 5.94% with 0.5 point whereas they were 6.04% last week. This may also be a great time to refinance.
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