Mortgage rates hit yet another record low this week, 4.09 percent on the 30-year fixed, according to Freddie Mac.
This will only fuel President Obama's recent proposal to refinance more Americans into these lower market rates.
Government-run Freddie Mac seems already on board, noting in today's weekly rate report, "The average interest rate of mortgages outstanding in the second quarter was 5.28 percent. By refinancing into today's 30-year fixed mortgage, homeowners could shave almost $1,715 a year in interest payments on a $200,000 loan."