Just when you thought they couldn’t get any lower, 15- & 30-year fixed mortgage rates have hit yet another historic low.

According to data from Freddie Mac’s weekly survey of mortgage rates, interest rates on 30-year fixed rate mortgages averaged at 4.54%, down from the previous week’s rates of 4.56% and 5.25% a year ago.  The 15-year fixed rate mortgages averaged at 4%, down from 4.03% in June.  These are the lowest recorded rates since Freddie Mac began tracking the mortgage in 1971.

As the stock market begins to show signs of recovery, this might be the last hurrah for these low rates.  If you haven’t considered a home loan refinance, you should definitely start thinking about it.  Talk to a Home Loan Expert to find out if refinancing makes sense for you before these rates start soaring.  And they will.  It’s only a matter of time.