Rate on 30-Year Mortgage Falls to Record 4.09%

As Ben Bernanke pumps money at an incredible rate (3-month annualized money growth at 23.3%!), long-term mortgage rates are at record lows.

Freddie Mac reports the average rate on the 30-year fixed mortgage fell to 4.09 percent this week. That’s the lowest rate since 1951.

This is a great opportunity to lock in fixed-rate 30 year mortgages. With Bernanke printing money the way he is, the current climbing price inflation will soon accelerate and push rates higher.