Mortgage Rates Below 6%

It might pay to refinance your mortgage, if possible. 30-year Fixed mortgage rates are below 6%, the lowest they've been since 2005, according to Bankrate.com's weekly survey. They have a calculator that can help you determine how long it will take for the lower payment savings to recoup the costs of the refinance. If you plan to stay in the house for a few years, it might save you some money.