30 year fixed at 5.00% with 1.375% fee and 5.50% with no fee as of a few minutes ago. That's a 0.25% drop from a week ago.

15 year fixed at 5% with no fee and 4.50% with a fee of 1.375%.

If we have it, other lenders will surely have very similar rates.

Those of you in the 6% range who plan to hold onto your homes might want to get your information together.

If there are folks on a 30 year at 6.5% you could drop your rate 2%, increase your payment by $265, and save almost $180,000 in interest by switching from a 30 to a 15 year note. Refinancing to a 30 year note at 5% saves you about $70,000 if you plan on dying in the house.