Mortgage Rates Decline to 5.66% This Week
From Associated Press
Rates on 30-year fixed-rate mortgages averaged 5.66% for the week ended Thursday, down from 5.67% a week earlier, mortgage company Freddie Mac said.
Rates on 15-year fixed-rate mortgages, a popular option for refinancing, slipped to 5.14% from 5.15% last week. Rates on one-year adjustable-rate mortgages were 4.18%, up from 4.11% last week. Five-year hybrid adjustable-rate mortgages averaged 5.02%, down from 5.05%.
The nationwide averages for mortgage rates do not include add-on fees known as points. The 30-, 15- and five-year mortgages each carried a 0.6-point fee. The one-year ARM carried a fee of 0.8 point.
