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It's an excellent time to lock a 15-year fixed rate mortgage. Versus comparable 30-year loans, conforming 15-year mortgage rates are "on sale" -- and cheap.
Shopping for a mortgage rate and a mortgage product at the same time is like multi-variate calculus. Except harder. Consider the 15-year fixed rate mortgage as compared to its 30-year cousin. At the beginning of the year, the interest rate differential was negligible. Now, it's pronounced.
For some people, the major financial goal is to pay off the house in full, and bid adieu to the mortgage. To accomplish that goal, they stuff aside extra payments month after month into the home until the mortgage is paid off. What a terrible waste of money. I present...