Lowest on Record Rate on 30-year Mortgage

Rate on 30-year mortgage falls to lowest on record per Yahoo! Finance:
"Average rate on 30-year fixed mortgage falls to 4.15 percent, lowest on records dating to 1971

"WASHINGTON (AP) -- The average rate on a 30-year fixed mortgage has fallen to its lowest level on records dating to 1971.

The rate on the most popular mortgage dipped to 4.15 percent from 4.32 percent a week ago, Freddie Mac said Thursday. Its previous low of 4.17 percent was reached in November.

The last time long-term rates were lower was in the 1950s, when 30-year loans weren't widely available. Most long-term home loans lasted 20 or 25 years."