Can interest rates keep dropping? While interest rates went up for the first quarter of 2013 and many expected this trend to continue, April has started out with a drop to 3.5% bringing us back near the record low of 3.32% reached in December of 2012. According to Fredie Mac the average interest the week of of Dec. 13, 2012 for a 30yr fixed loan was 3.32% setting a new ...