Mortgage rates lowest in 37 years

30-year mortgage rate falls for the ninth week in a row...
"The 30-year fixed-rate mortgage averaged 5.10% for the week ending Dec. 31, down from 5.14% last week and 6.07% a year ago. The mortgage rate hasn't been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971."

Time to refinance? Perhaps. If you save more than 2 points or 2 percent of your mortgage loan, it's worth it. For instance, on a $150,000 mortgage, 2 points is $3,000 ($150,000 x 2% = $3,000). If your reduced monthly payment adds up to $3,000 over the next three years, it's definitely worth it.
Read more here.