Mortgage rates fell for the week that ended Thursday, with the average 30-year fixed rate retreating further below 5%, according to Freddie Mac's weekly survey.

The 30-year fixed-rate mortgage averaged 4.95% for the week, down from last week's 4.97% average and 5.03% a year earlier.

Rates on 15-year fixed-rate mortgages dropped to 4.32% from 4.33% and 4.64%.

Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 4.05%, down from last week's 4.11% and 4.99% a year earlier. One-year Treasury-indexed ARMs declined to 4.22% from 4.27% and 4.8%.

To obtain the rates, the fixed-rate mortgages required payment of an average 0.7 point and the adjustable-rate mortgages required an average 0.6 point. A point is 1% of the mortgage amount, charged as prepaid interest.

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