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By: Derek Kravitz, USA Today, September 9, 2011

Fixed mortgage rates fell this week to the lowest levels in six decades.

But few Americans can take advantage of the rates to refinance or buy a home.

The average rate for a 30-year fixed mortgage fell to 4.12%, from 4.22%, Freddie Mac said Thursday. That's the lowest level on records dating back to 1971.

Freddie Mac says the last time rates were cheaper was 1951, when most home loans lasted just 20 or 25 years.

To read more, go to: http://www.usatoday.com/money/economy/housing/story/2011-09-08/Mortgage-rates-fall-to-lowest-level-since-1950s-few-qualify/50319086/1

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