Mortgage rates are the lowest they’ve been since November 2016, making it incredibly favorable for both refinance and purchasing a home! If you OWN A HOME, it is TIME TO REFINANCE. If you are LOOKING FOR A HOME, now is the time to buy! Due to the escalating tensions over a trade war with China, mortgage rates have dropped to multi-year lows, and according to the latest data released yesterday from Freddie Mac, the 30-year fixed-rate average tumbled to 3.6%. It was 3.75% one WEEK ago and 4.59% one YEAR ago. It has fallen nearly ONE FULL percentage point since the first of the year. But don’t forget to shop around for the best rate!