Mortgage rates at record lows are encouraging more people to finally take the plunge and buy their first home. According to Freddie Mac, a 30-year fixed mortgage now has an average interest rate of 3.62 percent. A decrease of 0.39 percent from last year. New homebuyers aren’t the only ones jumping up the chance at easy mortgages. Borrowers who are years into their current FHA loans are also looking to refinance them. After putting down a fair amount in installments and with today’s rates, … [Read more...]