The Federal Reserve has decided NOT to increase interest rates in July. There was speculation that the Fed would increase rates but a weak job report for May squashed that idea. It's also thought by experts that there will be no rate hike in June either. The May job reports were the weakest month for job creation in almost 6 years.
Interest Rates are already at historic low levels. See the photo as evidence. If you need to get qualified or thinking about refinancing your current mortgage give me a call and I can recommend several great local lenders that would love to help service your needs.