Perhaps it’s an early holiday gift for buyers, but mortgage and refi rates continued their downward trend this week. Here’s how the popular options looked by week’s end, according to CNET:
The average 30-year fixed mortgage interest rate is 6.51 percent, a decrease of 26 basis points compared to one week ago. The average rate for a 15-year, fixed mortgage is 5.91 percent, down 25 basis points from last week.
A 5/1 adjustable-rate mortgage has an average rate of 5.47 percent, a drop of three basis points compared to last week.
The average 30-year fixed refi rate is 6.55 percent, a decrease of 20 basis points from what we saw one week ago. The average 15-year fixed refinance rate is 5.91 percent, down 27 basis point over last week.
The average rate for a 10-year fixed refi loan is currently 5.92 percent, a decrease of 32 basis points compared to one week ago.