A variety of popular mortgage and refinance rates decreased this week, with the average 15-year and 30-year down sizable points. Here’s how the week ended going into the holiday weekend, according to CNET:
The average 30-year fixed mortgage rate is 5.74 percent, a decline of nine basis points compared to one week ago. The average rate for a 15-year, fixed mortgage is 4.98 percent, a decrease of 10 basis points compared to last week.
A 5/1 adjustable-rate mortgage has an average rate of 4.26 percent, down slightly by three basis points from the same time last week.
The current average interest rate for a 30-year refinance is 5.68 percent, a decrease of 12 basis points from last week. An average 15-year fixed refi stands at 4.97 percent, down 11 basis point from one week ago.
The average rate for a 10-year fixed refinance loan is currently 4.92 percent, a decrease of 19 basis points over last week.