REAL ESTATE

30-Year Mortgage Rates Dip: Thirty-year, fixed-rate mortgages averaged 8.08% this week, down from 8.24% last week, according to a national survey released by the Federal Home Loan Mortgage Corp. Last week’s average was the highest since May 4, 1995, when rates averaged 8.27%. After dipping to 6.94% in February, rates had risen gradually until locking into a range around 8% in recent weeks. On one-year, adjustable-rate mortgages, lenders were asking an average initial rate of 5.78%, down from 5.80% last week. Fifteen-year mortgages, a popular option for those refinancing mortgages, averaged 7.59% this week, down from 7.75% a week earlier. The rates do not include add-on fees known as points.