The principal mortgage rates were all down by week’s end, with the exception of the 15-year fixed mortgage rate which held firm. Likewise, refinance rates were also down week-over-week.
Per CNET, here’s how the rates landed:
The average 30-year fixed mortgage interest rate is 3.05 percent, a decline of two basis points compared to one week ago.
The average rate for a 15-year, fixed mortgage is 2.35 percent, which is the same rate week-over-week.
A 5/1 adjustable-rate mortgage has an average rate of 3.07 percent, down two basis points.
The current average interest rate for a 30-year refinance is 3.09 percent, a decrease of three basis points week-over-week.
A 15-year fixed refinance rate is averaging 2.39 percent, the largest decrease of four basis points from the end of last week.