Once again we have a new mortgage rate record!  Mortgage rates continued to decline last week with 30 year fixed rate mortgages hitting a record low of 3.34%, down from 3.4% the previous week and 4% a year ago.  The 15 year fixed rate mortgage is at 2.65% down from 3.31% a year ago.  Higher consumer confidence, which is thought to be at the highest level since 2007, and lower wholesale prices are said to be the reason for the new record lows.