The rates for 30 year mortgages rose to 5.29 this week after reaching a record low earlier this summer of 4.78%. Last week the same mortgage was 5.22%. Last year at this time, a 30 year fixed mortgage was 6.52%. The average rate for a 15 year fixed mortage this week is 4.68% which rose from 4.63 last week. These rate do not include add-on fees known as points. The average is .07 points for a 30 year fixed. NOW is the time to buy...before the rates go back up into the 6% bracket. There are many,many great home and land buys out there. Some great waterfront drastically reduced properties as well. Contact a Realtor today!! Let the professionals help you to get the job done. Don't let the opportunity to grab up one of these fantastic deals pass you by!! What a fun mission for your weekend.