On the latest CNN news clip today, mortgage rates for fixed 30 year loans just fell for the first time since February. According to the reports, due to the rate slashes from the Feds in the past week, rates for a 30 year fixed loan is at 5.87%, a drop from 6.13% a week ago. This is, of course, good news for those who are currently in the market to purchase a home or to refinance a home. These rates are not expected to stay low, so depending on the financial market, if you can, take advantage of these rates while you can.
