How low can they go?

Current mortgage rates on a 30 year fixed conventional mortgage are hovering at 3.0%. They dipped below 3.0% last week. It was a historic low. The 15 year fixed rate is lingering in the 2.5% range. Great time to buy as you can afford more house for your money at these lower rates and a great time to sell as our local market is suffering from a lack of inventory.