Mortgage Rates: Current Mortgage Rates Hit New Low: 30 Year Mortgage Rates at 4.81%

Mortgage rates are down again this week over last. 30 year mortgage rates have hit a new low for 2010. 30 year mortgage rates are now averaging 4.81 percent, down from the previous week's average 30 year mortgage rate of 4.90 percent. You can thank the financial trouble in the European Union for lower mortgage rates.