Fixed rates on home loans hit record lows again in the past week. Freddie Mac announced that for the week ending May 10, 30-year fixed rates fell from 3.84% to 3.83%. The average for 15 year loans decreased to 3.05%. Adjustable rates were mixed, with the average for one-year adjustables rising to 2.73% and five-year adjustables falling to 2.81%. A year ago 30-year fixed rates were at 4.63%. Attributed to Frank Nothaft, Vice President and Chief Economist, Freddie Mac, “Following April’s weaker than expected employment report, and the French and Greek election results raising concerns over the stability of the Euro currency zone, long-term Treasury bond yields declined allowing fixed rates on home loans to ease to new all-time record lows this week. The economy added just 115,000 jobs, below the market consensus forecast and less than in March. And although the unemployment rate declined, it reflected fewer people actively seeking jobs.”