30 Year mortgage rates fall to all time low.

Rate on 30-year mortgage falls to lowest on record.

Mortgage Rate Trend Index

Almost half (47%) of industry experts polled by Bankrate.com this week expect no changes in mortgage rates over the short term. However, one third (33%) foresee an increase, while 20% predict further declines.

WASHINGTON – Aug. 19, 2011 – 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.

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