Fox News: Rate on 15-Year Mortgage Falls to Historic Low

If you ever had the desire or wish to possess a home of your own, then now is the time to do so. With the interest rates as low as they are and the real estate market overflowing with houses, you would think everyone should be able to find an abode according to their needs and requirements.

However, since the economy is still in a dip, many people may be going through some rough financial times and could be under the impression they can not afford the monthly payments. That could be a false believe; when checking out all the websites for real estate they should be able to find a good deal that fits the budget.

In case you already are the proud owner of a home, there is always the opportunity to refinance. A penny saved is a penny earned and it could well be you are pleasantly surprised discovering it will save you a whole lot more then just a few pennies.

It may be a good idea to take advantage of those low mortgage rates while the going is still good!