Historically Low Mortgage Rates

Mortgage rates for 30-year home loans fell below 5% again this week according to the mortgage company Feddie Mac.

According to the LATimes.com the low rates have been engineered by the federal government in response to the deep recession. Not since the 1950s have rates remained so low for so long, said Greg McBride, a senior financial analyst at Bankrate.com, citing data from the National Bureau of Economic Research.