Money Minute : Consumer Confidence Craters

Here are the top money minute stories for December 30th: Consumer confidence at lowest-ever level; Home prices drop to record low; Treasury gives $5 billion to GMAC; Airbus meets key goal.

Record Low Mortgage Rates

U.S. 30-year mortgage rate hits record low 5.19 percent.This was the seventh straight weekly drop in 30-year fixed mortgage rates, according to Freddie Mac.Low mortgage rates encourage homeowners to refinance and first time buyers to take the plunge.