Mortgage rates hit record lows U.S. mortgage rates fell in the past week to the latest in a series of record lows amid concerns about the state of the U.S. economy, according to a survey released on Thursday by Freddie Mac (OTC BB:FMCC.OB - News), the second-largest U.S. mortgage finance company. Rock-bottom rates should continue to spur demand for home loan refinancing, putting extra cash into consumers' hands that they can save, use to pay off existing debt or funnel into the economy through extra spending. (Soruce: http://finance.yahoo.com/news/Mortg...JhdGU-?x=0&sec=topStories&pos=1&asset=&ccode=) Continue to spur demand? That's the same old crap they said back in early 2007 when the rates were going through the roof. Just who are these morons? If what we have now can spur so much demand, why shouldn't we wait until the rates fall even lower? Hell, lets wait until it goes to zero. Then it can really spur demands! But then again, that's deflation. Uncle Bernie sez that's a baddie.