Now is a good time to buy real estate. Mortgage interest rates dropped to a new three-year low.

If you’re locking in rates on a 30-year-fixed rate mortgage, you could score a 3.57% interest rate, according to the Primary Mortgage Market Survey by Freddie Mac. A year ago, that same mortgage averaged 3.85%.

Low rates, and high quality borrowers, have pushed mortgage delinquency rates to the its lowest level since 2006, according to Jeremy Collett, director of secondary marketing atGuaranteed Rate.

Yet, the market is responding to disappointing employment data, according to Sean Becketti, chief economist at Freddie Mac.

“As a result, the 30-year mortgage rate fell 4 basis points to 3.57 percent, a new low for 2016 and the lowest mark in 3 years,” he said. “Prospective homebuyers will continue to take advantage of a falling rate environment that has seen mortgage rates drop in 14 of the previous 19 weeks.”

The 5-year fixed-rate mortgage averaged 2.81% this week, down from 2.86% last week.

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Think back to 2013, the 30-year fixed rate averaged 3.42%, according to Freddie Mac. In 2009, it averaged 4.84%.