After interest rates climbed nearly a full percentage point (4.2% to 5.0%) between October 2010 and February 2011, they have started to decline again over the past several months.  April 2011 marks the second straight decline down to the current average of 4.8%.

Please note that you may be able to obtain an even lower interest rate than the average rates shown above depending on your credit score and other details of your finances and home purchase.  Current rates offered via WellsFargo.com include:

• 30-Year Conventional Fixed Rate = 4.625%
• 30-Year FHA Fixed Rate = 4.50%
• 15-Year Conventional Fixed Rate = 3.75%
• 5-Year Adjustable Rate = 3.00%

The current adjustable rate (3.00%) is a great opportunity if you suspect you will only be in your house for 3-5 years!