Mortgage rates down again.

[flippinout]

Mortgage rates have dropped to the lowest rate in over four years and is attributed to the unemployment rate.

Freddie Mac says that 30 year fixed rate mortgages are now down to 5.47 percent, this rate is down from the 5.53 percent of last week.

Freddie Mac says that it is because of Novembers high unemployment that the rate has dropped yet again. The Labor Department has stated that the unemployment rate is up to 573,000 which is up from the 515,000 of the previous week.

It is as has been stated many times before, we need more and better paying jobs, this may be the simplest way to fix most of the problems with the economy today.