Mortgage and refinance rates continued to slide, following the past few weeks of drops, according to CNET.
The average interest rate for a standard 30-year fixed mortgage is 3.14 percent, a decrease of five basis points from a week ago. The average 15-year fixed rate mortgage is currently at 2.44 percent, down two basis points from the same time last week.
A 5/1 adjustable-rate mortgage ended the week with an average rate of 3.13 percent, down basis points from the same time last week.
Looking at refi rates, 30-year fixed refinances were down three basis points to an average rate of 3.13 percent. A 15-year fixed refi averaged at 2.44 percent, down one basis point compared to a week ago.
The current average rate for a 10-year refinance is also down one basis point to 2.42 percent, compared to the same time last week.