MSNBC and Freddie Mac report on the lowest mortgage rates in history

MSNBC and Freddie Mac: The Lowest Mortgage Rates in History

Freddie Mac posted its lates mortgage rates figures showing that mortgage rates are the lowest since the company has tracked them (the 1950s).

Here is a great article on MSNBC about the low mortgage rates:  www.MSNBC.com

"Mortgages are cheaper today than they've been in a half-century. If only most people had the job security, the credit rating and the cash to qualify for one or refinance.   The average rate for a 30-year fixed loan sank to 4.69 percent this week, beating the low set in December and down from 4.75 percent last week, Freddie Mac said Thursday. Rates for 15-year and five-year mortgages also hit lows. Rates are at their lowest since the mortgage company began keeping records in 1971. The last time they were any cheaper was the 1950s, when most long-term home loans lasted just 20 or 25 years." - MSNBC.com