A number of the popular mortgage and refinance rates finished the week down, according to CNET. Here’s how the averages shaped up:
The average 30-year fixed mortgage interest rate is 3.08 percent, which is a decrease of five basis points from one week ago. Also down five points, the average rate for a 15-year, fixed mortgage is 2.39 percent.
A 5/1 adjustable-rate mortgage has an average rate of 3.08 percent, down six basis points from the end of last week.
If you’re looking to refinance, your options look good as well. The current average interest rate for a 30-year refinance is 3.15 percent, a decrease of six basis points compared to one week ago.
The current average interest rate for 15-year refinances is 2.45 percent, down five basis points. And the average rate for a 10-year fixed refinance is 2.48 percent, a decrease of three basis points over last week.