Selling your home on your own without using a broker and paying a 5 percent commission isn’t easy. Thankfully low current mortgage rates today are on your side and might help you. Low refinance rates are probably the only really enticing thing for potential home buyers these days. Current mortgage rates ratesorama.com/mortgage-rates on 30 year loans are at 3.75% right now.

Home prices are still dropping and there seems there is no end in sight to the declines. Foreclosures and short sales are driving overall prices lower. The average pre-owned home costs around 30 percent less and a new home.  The price disparityis a record. Usually new homes cost only around 12 percent more the pre-owned homes.

Who can you thank for the lowest mortgage rates ever? The Federal Reserve Bank. Since the housing bubble burst and the financial calamity the Fed as decided they need to help the housing market but forcing mortgage rates to record lows.

You know what? They have succeeded in driving both mortgage rates and refinance rates to new all time lows. 30 year mortgage rates are the lowest they ever been the past year.