According to the Wall Street Journal, mortgage interest rates are heading down. Why? Because it appears that housing market woes are threatening to be a drag on the economy. While the decline in the housing market has yet to destroy the economy, doom and gloom analysts are concerned that such a problem is right around the corner. So in order to make home buying more attractive, mortgage interest rates are easing.

If you have good credit, you can expect to get the best possible mortgage loan interest rates. And, if you are in a position to get a 15-year mortgage, the deal could be even sweeter. At some point, mortgage interest rates can be expected to rise, so now might be a good time to get in on better rates before they go up again.

Tags: mortgage loan, personal finance, financial planning, finances,
financial goals, mortgage interest rates, 15-year mortgage, housing market