Is it Time to Refinance or Buy?

Mortgage rates have reached their lowest levels in 50 years, Freddie Mac says, providing a reason for many homeowners to refinance their mortgages or boost buyers on the hunt. The government-sponsored mortgage corporation Thursday said the 30-year fixed rate averaged 4.15 percent, breaking the previous record low of 4.17 percent set November 11, 2010, according to its Primary Mortgage Market Survey. Long-term, fixed-rate mortgages backed by the Federal Housing Administration averaged 4.08...Full Story