According to Market Watch and real-estate website Zillow.com, 30 year mortgage rates have recently reached an all time low. Zillow reports the 30 year fixed rate mortgage is currently holding at an average of 3.73%, down from 3.81% a week earlier. The previous low was 3.74%, which was in September.

Many mortgage trackers have reported record low rates in the recent weeks. Furthermore, the rate for 15 year mortgages is currently holding at 3.07%, which is down from 3.11% from the previous week. These excellent, low rates make now the perfect time to consider purchasing a home.