Mortgage Rates Hit New Record Lows

Washington, DC, May 4, 2012 -- Average fixed mortgage rates fell to new all-time record lows this week, according to Freddie Mac.

Thirty-year loans were charged an average rate of 3.84%, down from its previous low of 3.87% set in early February.

The average 15-year rate was 3.07%, down from the record of 3.11% set three weeks ago.