Interest rates for 30 year fixed rate mortgages continue to stay historically low, hovering around 4%. If you haven't yet refinanced – now is the time. Thinking about selling or shedding investment properties? With low inventory levels this is a great time for sellers – less competition. With low interest rates buyers gain more buying power. If you shopped for a home loan 3-4 months ago, it would be wise to run those numbers with your lender again. Interest rates have dropped more since that time which could increase you can comfortably afford.