Mortgage rates are 123 basis points lower than they were a year ago, but those most excited by the news and motivated to act are homeowners who recently bought ho

Because we created the industry's first daily mortgage rate index based on actual lender rate sheets without any subjective distortions, and because the longest-standing mortgage rate index in the U.S.

The 30-year mortgage averaged 6.09%, according to Freddie Mac -- a big drop from a 7.79% spike last year. Where are rates headed?