How Low Are 15-Year Mortgage Rates and Why?

Have you seen the nationwide averages for 15-year fixed mortgage rates lately? They’re hanging below the 3.00% line like Kevin Durant hangs out at the beach volleyball pits. The first time they averaged below 3.00%, we all stood there in amazement. Now, ever since May 31, 2012, 15-year fixed mortgage rates haven’t sniffed 3.00% and it doesn’t look like they’ll jump back up any time soon.

Top 10 Homeowner Money Saving Tips and Ideas

CNN Money ran a great article this week with 10 easy ways for people to save thousands of dollars. We wanted to share this with our readers. Number one way for homeowner to save money? Refinance from a 30-year to a 15-year mortgage! Number one is the one we obviously love the best, which is refinance your mortgage. We have been saying this all along for a good reason, refinancing your 30-year fixed mortgage to a 15-year fixed can be a smart move. In fact, refinancing in general can be a savvy move. It's pretty simple, if your mortgage rate is higher than today's mortgage rates, you could possibly refinance and lower your mortgage payment and most likely keep money in your pocket. That said, we wanted to share that tip plus nine other great ways that you may be able to save money. We will summarize it here but please read the whole article on CNN Money. Top 10 Homeowner Money Saving Tips and Ideas Here are CNN Money's ten easy money saving tips and ideas: Chop your mortgage Move to a cheaper locale Do your own maintenance Cut one big expense Kick costly habits Add up the small stuff Go to a public college first Nab more merit money Grab overlooked tax credits Lower investment costs Here's where you can read the full article for each of these money saving tips and ideas - I hope you enjoy the article as much as I did. Please let us…