Mortgage rates reversed last week's move, with the average 30-year fixed mortgage pulling back and tying the record low of 4.10%, originally set 2 weeks ago. The average 15-year fixed mortgage, popular for refinancing, also returned to where it was 2 weeks ago, 3.35 percent, just shy of the record low of 3.34%.
Average jumbo 30-year fixed mortgages also inched lower to 4.63 percent.
Underwater homeowners are keeping their fingers crossed that mortgage rates will stay at record lows as the new HARP program starts to swing to effect in the next two weeks ... owing homeowners to refinance their mortgages regardless of how deeply underwater they are.
Of course you can find out more on the latest HARP program and also look for the best mortgage rates just by logging onto Bankrate.com. I'm Kristin Arnold.