Despite all the negative news about the real estate market these days, there is still good news for some. For those looking to buy, there has never been a better time. This past week mortgage rates have fallen to record lows. A 30-year fixed rate averages about 4.69% and the 15-year fixed rate is at about 4.13%. The adjustable 5-year is at about 3.84%. With record low mortgage rates and ample inventory, there is no reason to wait, now is the time to buy!