Having the best 30 year fixed mortgage rate is something that all of want when we are looking to buy right upfront or wanting to refinance what we already are living in.
It's starting to become truly amazing that mortgage rates continue to decline at historic levels. There are those that think that the rates may go down as far as 3.5 %. With this kind of opportunity the thought really starts to creep into your mind if you should refinance you home loan.
The prudent thing to do is to take advantage of the situation if you are able to and have plenty of financial ability to do so. Obviously your home should still need to have some level of equity, but that doesn't mean you should do in order to get cash out of the deal.
Being able to lower you existing 30 year fixed rate mortgage if you can should be the primary concern.
Just make sure that you are doing it for the right reasons.
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