30-Year Loan Rates Fall; 15-Year Rates Are Flat

Rates on 30-year, fixed-rate mortgages averaged 6.26% this week, down from 6.28% last week, mortgage giant Freddie Mac reported.

Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 5.81%, unchanged from last week. One-year adjustable-rate mortgages edged up slightly to 5.16% after having fallen to 5.14% last week. Rates on five-year hybrid adjustable-rate mortgages averaged 5.76%, up from 5.75% last week.

The nationwide averages do not include add-on fees known as points. Thirty-year and 15-year mortgages each carried an average fee of 0.5 point, one-year ARMs had a 0.8-point fee, and five-year hybrid ARMs carried a fee of 0.6 point.