Why is Freddie Mac reporting the lowest mortgage rates since 1971?

Didn’t they learn anything from the 2008 meltdown?

http://news.yahoo.com/s/ap/20100624/ap_on_bi_ge/us_mortgage_rates
Mortgage rates sink to lowest level on record
“The average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week, mortgage company Freddie Mac said Thursday.”
Hey, Bonnie. What’s up?

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