Mortgage rates have fallen into record territory again, with the 15-year fixed-rate dipping to lowest level in 60 years and the 30-year fixed-rate just sightly above its own record.

A common option utilized by homeowners looking to refinance, 15-year, fixed-rate mortgages averaged 3.13% last week, a slight decrease from the record low of 3.14% set in early February, according to Freddie Mac. The average rate on 30-year fixed-rate mortgage dropped to an average of 3.88%, only 0.01 percentage points higherthan its previous record low.

The record low rates have helped to make housing more affordable than ever before, according to Frank Nothaft, Freddie's chief economist.

"With these historically low rates and declining house prices, the typical family had more than double the income needed to purchase a median-priced home in January," he said.

To learn how you can refinance your home, please go to: http://californiamortgagedirect.com/refinance

For detailed information on mortgage rates, please visit: http://www.mortgagenewsdaily.com/mortgage_rates/