Mortgage rates held at historic lows the week that ended Thursday, with the average rate on 30-year fixed-rate mortgages staying well below 5%, according to Freddie Mac's weekly survey.

The averages stabilized in recent days after Treasury yields fell last month in the wake of further economic worries, this time centered on Europe.

The 30-year fixed-rate mortgage averaged 4.79% for the week that ended Thursday, compared with the prior week's 4.78% average and 5.29% a year earlier.

To obtain the rate, the mortgage required payment of an average 0.8 point. A point is 1% of the mortgage amount, charged as prepaid interest.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.