The latest Federal Funds Rate decrease has helped this year long trend of declining interest rates for fixed rate mortgages to continue. Since this time last year, rates have decreased 1.25%, which is a savings of approximately $74/month for every $100,000 borrowed. Now may be a good time to refinance your existing mortgage, and if you are in the market to buy a home these rates are the icing on the cake. Please let me know if you are looking for a lender; I can put you in contact with excellent people who love to help.