Mortgage rates were little changed in the week that ended Thursday, with the average 30-year fixed rate edging slightly higher, according to Freddie Mac's weekly survey.
The rates remain near historic lows as Treasury yields have remained under pressure since May's "flash crash," with no easing of concern over European financial woes.
The 30-year fixed-rate mortgage averaged 4.75% for the week that ended Thursday, up slightly from the prior week's 4.72% average but down from 5.38% a year ago. Rates on 15-year fixed-rate mortgages were 4.2%, up from 4.17% a week earlier — which registered the lowest figure since Freddie started keeping track of the loan in 1991 — but down from 4.89% a year earlier.
Obtaining the rates required paying an average 0.7 point. A point is 1% of the mortgage amount, charged as prepaid interest.