Most of the major purchase and refi options declined for the week ending Nov. 6. Here’s how the averages shook out, according to CNET:
The average 30-year, fixed-rate mortgage is 3.14 percent, down five basis points from one week ago. The average rate for a 15-year, fixed mortgage is 2.44 percent, down 2 basis points compared to a week ago.
A 5/1 adjustable-rate mortgage has an average rate of 3.13 percent, a decrease of five basis points compared to last week.
The average 30-year fixed refi rate is 3.13 percent, down three basis points from last week ago. The average 15-year fixed refinance rate is 2.44 percent, a decrease of just one basis point.
For a 10-year fixed refi, the average rate is 2.42 percent, also a decrease of one basis points over last week.