Mortgage company Freddie Mac said that this week the average rate for a 30-year fixed mortgage was 5.07% , which has fall from 5.08% a week earlier.
The average rate on a 15-year fixed-rate mortgage has sink to 4.5% from 4.54% last week.
Five-year adjustable-rate mortgages averaged 4.51%, which has fell from 4.59%. One-year adjustable-rate mortgages rose from 4.62% to 4.64%.
Add-on fees is not included in the rates that is known as points. For 30-year and 15-year loans the nationwide fee for loans in Freddie Mac’s survey averaged 0.7 of a point, for five-year loans 0.5 of a point and for one-year loans 0.6 of a point.