Mortgage Rates Hit 3-Year Lows, Foreclosure Rates Continue Dropping Good news for home buyers—this month mortgage rates officially hit a 3-year low.  As of May 10th, rates were 3.5-3.635% for 30-year fixed loans.  This is the lowest that they have been on average over the entire 3-year time period (last year, the rate was 3.84%).  […]