A number of notable rates ended on a low note as of Sept. 17, according to our weekly roundup with data by CNET. Here’s how mortgages and refinances ended, on average.
The average 30-year fixed mortgage interest rate is a rounded-out 3 percent, down four basis points from one week ago. The average rate for a 15-year, fixed mortgage was also down four points to an average of 2.28 percent.
Keeping the power of four going, a 5/1 adjustable-rate mortgage has an average rate of 3.01 percent, a decrease of four basis points compared to last week.
On the refinance front, the 30-year fixed refinance average loan ended the week at 2.97 percent, down four basis points from a week ago. The average 15-year fixed refinance rate slide three points to 2.27 percent.
The smallest decrease came via the 10-year fixed refinances, down one point to 2.26 percent.