WASHINGTON – Mortgage rates this week declined again to their lowest level of the year, as rates fell on U.S. Treasuries.
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The average rate for the 30-year, fixed-rate loan dipped to 4.93% this week, from 5% last week; while the average for the 15-year, fixed-rate mortgage slipped to 4.30%, from 4.36%, according to Freddie Mac.
ARM rates also moved lower, with the average for the five-year ARM dropping slightly to 3.95%, from 3.97%; and the average for the one-year ARM sliding to 4.02%, from 4.07%.
