Mortgage rates were largely flat in the week that ended Thursday, with the average rate on 30-year fixed-rate mortgages remaining at a record low, according to Freddie Mac's weekly survey.

Rates remain at or near record lows as the Treasury market has rallied amid stock market skepticism, pushing yields down. Mortgage rates generally track Treasury yields.

The 30-year fixed-rate mortgage averaged 4.57% for the week that ended Thursday, unchanged from a week earlier and down from 5.14% year over year. Rates on 15-year fixed-rate mortgages were 4.06%, extending the lowest point since Freddie started tracking it in 1991. Those rates were down from 4.07% a week earlier and 4.63% year over year.

Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.85%, up from the prior week's 3.75% — which was the lowest point since Freddie Mac began keeping track in 2005 — but down from 4.83% a year earlier. One-year Treasury-indexed ARMs were 3.74%, hitting the lowest level in the 26 years Freddie has kept score on such loans. The rate fell from 3.75% a week earlier and 4.76% a year ago.

To obtain the rates, the mortgages required payment of an average 0.7 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.