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Great article today in the Detroit News about 30 year fixed rate mortgages being down in the lowest levels we’ve ever seen them.

Great news for homeowners and home buyers.

Great news.

It’s something we’ve know all too well here at Quicken Loans and we’re happy to help everyone qualify for these amazing mortgage rates that we can.

Here’s some of the article:

The average rate on the 30-year fixed mortgage was unchanged at 4.09 percent last week, Freddie Mac said Thursday. That’s the lowest rate seen since 1951.

The average rate on the 15-year mortgage ticked down to 3.29 percent. Economists say that’s the lowest rate ever for the loan.

Mortgage rates tend to track the yield on the 10-year Treasury note. On Thursday, one day after the Fed’s announcement, the yield on the 10-year note touched 1.74 percent. That’s the lowest level since Federal Reserve Bank of St. Louis started keeping daily records in 1962.

In July, the yield on the 10-year note was above 3 percent.

You can read the full article here.

Oh, and if you think you might be able to save with today’s super record low rates…you might just be right!

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