Good news for those looking to refinance, the national average for interest on 30-year fixed loans has sunk to just 4.69 percent. These are the lowest interest rates that have been seen on home loans for around 50 years. While these rates are great for home buyers or those looking to refinance, they could be worse for those trying to save through savings accounts and CDs, as interest rates on these have fallen as well. In all, around 291,000 homeowners have refinanced as of March.