Mortgage Rates Dip

Published February 07, 2013, 8:03 p.m. EST

Updated August 26, 2020, 10:27 p.m. EDT

1 Min Read

WASHINGTON Home mortgage rates fell back again toward record lows this week, after rising the past few weeks, according to Freddie Mac.

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The average for the 30-year, fixed-rate loan slipped to 3.38%, from 3.40% last week; while the average for the 15-year mortgage held steady at 2.66%.

ARM rates also held steady, with the average for the five-year ARM remaining unchanged at 2.66%; and the average for the one-year ARM dipping to 2.57%, from 2.60%.

“Mortgage rates were flat to down a little this week amid reports that inflation remains contained,” said Frank Nothaft, chief economist for Freddie Mac.

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