Once again the mortgage rates hit new lows, the 15 year fixed rate is the lowest since the Freddie Mac has been keeping track back in 1971.  Because of the low rates, 8 out of 10 mortgage applications right now are for refinancing!  The 30 year fixed rate is at 3.87% down from 4.81% just a year ago, the 15 year fixed rate is at 3.14%.  Click here for the full article from Inman News.