Mortgage rates fell this week to 4.19 percent !

Rates on 30-year mortgages fell this week to 4.19 percent, a new low. They were pushed down by lower Treasury bond yields.
Investors are buying up Treasury bonds in anticipation of a move by the Federal Reserve designed to lower mortgage rates and yields on corporate debt.
As a result, the average rate for 30-year fixed loans dropped to the lowest level on records dating back to 1971, mortgage buyer Freddie Mac said Thursday. It's down from 4.27 percent the previous week. The last time rates were this low was in the early 1950s, when 30-year mortgages were far less common, and 20-year loans were more common.