RATES DROP TO RECORD LOWS.... AGAIN: According to a Freddie Mac survey, rates on 30-year and 15-year fixed mortgages fell to record lows.  This is the third straight week rates have dipped.

The average 30-year rate went down 3.79 percent.  The 30 year was 3.83% last week.  It's now at its lowest point since the 30 year mortgage came into being in the 1950s. The 15-year declined to 3.04 percent.  

Unfortunately, the low rates haven't helped home sales. While 30-year rates have been below 4% since early December, resales fell in March.  We're still way below healthy levels.  

If you are in the process of refinancing or buying a home, I recommend locking in your rate now.  Yes, it may go a little lower but if it does, it will only be a slight drop.  But a movement to the upside will happen one of these days ... better to be locked in when it occurs.