Since my last post about 50 days ago, the interest rates for home purchases have continued to fall to record lows with every drop.  Rates have never been this low since tracking began in 1971.  If you can afford it, a 15 year mortgage might be the way to go.  With a monthly payment only about 16% higher than a 30 year mortgage, a 15 will save you thousands in interest over the life of the loan with rates below 4% for this type of financing.