Freddie Mac’s Primary Mortgage Market Survey reported mortgage rates hitting a record low today, lower than ever recorded since the survey’s inception in 1971. The report shows 30-year fixed loans at 4.85%, five-year adjustable rates falling to 4.96% and one-year adjustable rates dropping to 4.85%. Frank Nothaft, Freddie Mac’s head economist, noted that “potential homebuyers are taking notice of these historically low mortgage rates.”