A 30 year fixed rate mortgage was 5 7/8% as of Friday, slightly lower than the previous week.  Buyers are still taking advanatage of the low rates, but are wary of the increases and are buying homes in record numbers for this early in the year.

If you purchased a home in the recent past and have a rate higher than you'd like, you may want to consider refinancing.  Buyers often obtain a rate at higher than market and do not refinance because they forget, or do not think they can.  You may be surprised at the possibilities if your rate is not in the 6% range.  A little time cures many credit woes and refinancing will save you money monthly and tens of thousands of dollars over time.

If you are considering refinancing, let me know and I'll give you the name of a lender who provides the same benefits we provide to our buyers... up to $10,000 in Cash Rewards after closing