Long-term mortgage rates decreased this week, according to Freddie Mac’s weekly mortgage survey.
Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.77 percent for the week ended today, down from last week when it averaged 5.81 percent. The average for the 15-year fixed-rate mortgage is 5.21 percent, down from last week when it averaged 5.23 percent. Points on the 30-year averaged 0.7, while those on the 15-year averaged 0.6.
Five-Year Treasury-indexed hybrid adjustable-rate mortgages averaged 5.03 percent this week, with an average 0.5 points.