The average national mortgage rate as of June 2015 is at 3.87 percent. Compared to historical trends, this is still very low. Mortgage rates began being tracked in 1971, with rates as high as 18.63 percent in the early 1980s to a low of 3.20 percent in late 2013. If you are thinking about purchasing a home or refinancing, this is a great time to do so! Economists predict rates may increase slightly towards the end of this year. If rates were to rise to 5 percent, the monthly payment on a $200,000 home would increase by about $160 per month. For mortgage and payment calculators, visit this link. If you would like to talk to a mortgage lender to see how much home you can afford, contact me today.