Current mortgage rates hit a low for this year in this week’s Freddie Mac’s Primary Mortgage Market Survey. Today’s 30 year mortgage rates are averaging 4.61 percent with an average 0.7 point for the week ending May 19, 2011. This 30 year mortgage rates was down from the previous week’s average mortgage rate.

Interest rates in general will remain low because current problems with economies across the world is causing bond rates to go lower. Well except if you live in Greece or a couple other European Nation countries. Greece’s debt was downgraded again by the rating agency Fitch. This has all sent stock prices lower and 10 year U.S. bond prices higher.

Lower bond yields in the U.S. will force mortgage rates today even lower. 30 year conforming mortgage rates might go as low as 4.25 percent this month if the debt troubles in Europe continue and the Euro goes against the Dollar.