Some of the more popular mortgage and refinance options saw slight declines by the end of the week, according to CNET. Here’s how the average rates look as of Oct. 30:
The average 30-year fixed mortgage interest rate is 3.14 percent, a decline of four basis points from one week ago. The average 15-year fixed mortgage rate is 2.44 percent, down two basis points compared to this time last week.
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 refinance rate is 3.13 percent, down three basis points compared to last week. The average 15-year refinance rate is 2.44 percent, a decrease of one basis point.
The current average interest rate for a 10-year refinance is 2.42 percent, also down one basis points compared to one week ago.