30-yearMortgage

The average rate on the 30-year fixed mortgage fell below 4 percent for just the second time in history. Freddie Mac said Thursday the rate on the 30-year fixed loan fell to 3.99 percent, down from 4 percent last week. Five weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau of Economic Research.

It may be time to have a re-think! About what? About 30-year fixed rate mortgages. I know, this is practically sacrosanct territory in this country and questioning it is like questioning, well, God or country. But there are those who are, in fact, raising some questions about the wisdom of this...