The fixed-rate mortgages remained steady with the 15-year fixed-rate reaching a new record low. Below are the rate averages for this week according to Freddie Mac. The data is from the Freddie Mac website and is believed to be accurate, but not guaranteed. The chart below shows the interest rate weekly trends since the beginning of the year.
The 30-year fixed-rate mortgage averaged 4.09 percent with an average 0.7 point for this week, down from last week when it averaged 4.09 percent. Last year at this time, the 30-year rate averaged 4.37 percent.
15-year fixed-rate mortgage averaged 3.29 percent with an average 0.6 point, down from last week when it averaged 3.30 percent. A year ago at this time, it averaged 3.82 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent this week, with an average 0.6 point, up from last week when it averaged 2.99 percent. A year ago, the 5-year ARM averaged 3.54 percent.
1-year Treasury-indexed ARM averaged 2.82 percent this week with an average 0.6 point, up from last week when it averaged 2.81 percent. At this time last year, the 1-year ARM averaged 3.46 percent.