This is a great time to refinance or purchase a home, because the average rate on a 15-year fixed mortgage has fallen to its lowest level in decades.

The rate for the popular refinancing option dropped to 3.54 percent from 3.66 percent the previous week. That's lowest average rate since the mortgage buyer began tracking it in 1991.

Please contact Legacy Title Company, LLC to assist you with a smooth closing process with your refinance or purchase!