Mortgage interest rates are going down!The 30-year fixed-rate average fell to 4.31 percent with an average 0.4 point. It was 4.41 percent a week ago and 4.44 percent a year ago. These interest rates haven’t been this low in more than 12 months.“At 4.31%, the average 30-year fixed mortgage rate is at its lowest since February of last year, while these low rates will certainly get the attention of prospective homebuyers, the supply of homes for sale remains stubbornly low.”“Freddie Mac” Chief Economist, Sam KhaterNevertheless, the refinancing of home loans went down 0.2% for the week,4.4% lower than last year. The rates might be going lower than the previous year, but so many people have been refinancing under the lower rates (in the 3% range), that the potential borrower opportunity has begun to decrease.