Thanks to guest-writer Gregory Phillips from HomeStreet Bank for contributing this great article about the historically low interest rates available these days.
There are a lot of scary headlines these days. All you seem to hear about banks and mortgages is negative. But despite all the negativity, for some people there has never been a better time to refinance. Although rates have risen off their all-time lows, they are still at historically low levels, with 30 year fixed rates below 5% and 15 year fixed rates below 4%.