Low Mortgage Rates - Will They Last Through the Summer?

Low mortgage rates are something all Americans want.  Unfortunately, it has been the case that only the best borrowers have had the opportunity to access these extremely low mortgage rates.  Prior to June of 2009, mortgage rates were around or under 5% for much of this year.  Locking in at a mortgage rate of under 5% would have been unheard of before the current economic crisis.  One thing that the global meltdown has done is it has allowed home owners to refinance at mortgage rates that were never thought possible.