30-year mortgage rates are creeping up! Don't get me wrong, they are still low and they are still attractive, but they are on the rise. According to Freddie Mac, the average rates on a 30-year mortgage rose up to 4.87% from 4.78% last week; for a 15-year fixed-rate mortgage the rates rose to 4.54%; which is up from 4.52%.

These low rates have enticed homeowners looking to refinance. Fannie Mae, Freddie Mac's sister company, refinanced $77 billion in loans last month, which they claim to be the best month they have had since 2003. Keep in mind; lenders are really tightening their belts on the lending standards, making it so that only those with the best credit get the best rates. Before looking into refinancing, do a credit check on yourself, making sure that you know where you stand before you talk to a lender.

With the low rates creeping towards an incline and the housing inventory starting to move, you don't want to miss out on the deals that are available to you, they won't last forever.