"WASHINGTON -- The average U.S. rate on a 30-year fixed mortgage fell this week to a record low for the seventh time in eight weeks. Cheap mortgages have helped drive a modest recovery in the weak housing market this year.
Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan dropped to 3.66 percent. That's down from 3.71 percent last week and the lowest since long-term mortgages began in the 1950s."
http://www.yorkdispatch.com/business/ci_20916256/mortgage-rates-hit-new-lowThe decline since 2008 is now greater than the post-dotcom bubble decline that triggered the housing boom.