WASHINGTON – Long-term mortgage rates declined this week to near all-time lows, following bond yields lower after gradually moving higher over the past month, according to Freddie Mac.
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The average for the 30-year mortgage slipped to 3.59% this week, from 3.66% last week; while the average for the 15-year loan fell to 2.86%, from 2.89% last week.
ARM rates also fell toward record lows this week, with the average for the five-year ARM dipping to 2.78%, from 2.80%; and the average for the one-year ARM moving to 2.63%, from 2.66% last week.
