Mortgage Rates: Best 30 Year Mortgage Rates and 15 Year Mortgage Rates

The current national average 30 year mortgage rate is at 4.87 percent this morning, down from over 5.00 percent several weeks ago. Mortgage rates have been heading down despite the fact the Fed stopped buying mortgage backed securities in March. Mortgage interest rate declines in the U.S. have accelerated recently because of the debt trouble in Europe and a declining euro.