Mortgages Catch Up

After months of watching Treasury rates fall and wondering when the impact would finally reach borrowers, mortgage rates moved swiftly beginning in late December and are now at levels where homeowners should investigate refinancing. According to bankrate.com, 30-year fixed rates are averaging 5.1%, while 15-year fixed are at 4.76%.

Good credit scores are a must, and be sure to negotiate low, fixed closing costs.