Mortgage Rates 30 years?

Today it’s at 5.76.

But last week it was about 6, so it is still dropping. The rates continue to drop because banks (the ones still lending, at least) are trying to attract home-buyers (who are hurting due to the downturn) and also be sure they can actually make their payments. If they default, the bank ends up paying quite a bit on top of not getting their money back right away (they have to sell the home first). Thus, the lower rates.