For the third week, 30-year fixed-rate mortgages averaged at or below 4 percent, according to Freddie Mac’s weekly survey.
“Mortgage rates were little changed this week just as the economy is showing potential for further gains in the near term,” Freddie Mac chief economist Frank Nothaft said in a statement.
Here’s a capsule look at rates for the week ending Nov. 17.
30-year fixed-rate: averaged 4 percent with an average 0.7 point, rising slightly from last week’s 3.99 percent average. A year ago at this time, 30-year rates averaged 4.39 percent.
15-year fixed-rate: averaged 3.31 percent with an average 0.7 point, increasing from last week’s 3.30 percent. Last year at this time, 15-year rates averaged 3.76 percent.
5-year adjustable-rate: averaged 2.97 percent with an average 0.6 point, decreasing slightly from last week’s 2.98 percent average. Last year at this time, 5-year ARMs averaged 3.40 percent.
1-year ARMs: averaged 2.98 percent with an average 0.6 point, up from last week’s 2.95 percent average. A year ago, 1-year ARMs averaged 3.26 percent.
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