WASHINGTON Average fixed mortgage rates in the U.S. were flat in the latest week, even as mortgage applications continued to slide amid the rising rates of the past few months.
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The average for the 30-year, fixed-rate mortgage was 4.57% this week, unchanged from last week; while the average for the 15-year loan also was unchanged at 3.59%, according to Freddie Mac.
That compares to an average of 3.55% for the 30-year loan and of 2.85% for the 15-year mortgage a year ago.
ARM rates dipped this week, with the average for the five-year ARM declining to 3.22% from 3.28%; and the average for the one-year ARM falling to 2.67% from 2.71%.
