The prime rate as measured by the Wall Street Journal is at a low 3.25%, but that could change as the economy improves. Federation Bank Mortgage Loan Officer Rhonda Henry says you can now get a 30 year mortgage for as low as 4.5%, but doesn’t believe rates will go any lower this year.  Henry predicts the 30 year mortgage rate will stay below 5% for the next several months, and then grow as the U.S. economy shows signs of stabilizing.