Mortgage Rates Decline This Week
From Associated Press
The average interest rate on a 30-year, fixed-rate mortgage dipped to 5.90% this week, Freddie Mac reported.
For 15-year fixed-rate mortgages, rates fell to 5.28%. Rates for one-year adjustable-rate mortgages dropped to 3.89%.
These rates do not include add-on fees known as points. Thirty-year and 15-year mortgages carried an average fee of 0.6 point this week; one-year adjustable mortgages had an average 0.7-point fee.
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