The following are the national averages in mortgage rates for the week ending Feb. 7, according to Freddie Mac:
30-year fixed-rate mortgages: averaged 3.53 percent, with an average 0.8 point, holding the same as last week. A year ago at this time, 30-year rates averaged 3.87 percent.
15-year fixed-rate mortgages: averaged 2.77 percent, with an average 0.7 point, dropping from last week’s 2.81 percent average. Last year at this time, 15-year rates averaged 3.16 percent.
5-year adjustable-rate mortgages: averaged 2.63 percent, with an average 0.6 point, dropping from last week’s 2.70 percent average. Last year at this time, 5-year ARMs averaged 2.83 percent.
1-year ARMs: averaged 2.53 percent, with an average 0.4 point, dropping from last week’s 2.59 percent average. A year ago at this time, 1-year ARMs averaged 2.78 percent.
Source: Freddie Mac
15-year fixed-rate mortgages: averaged 2.77 percent, with an average 0.7 point, dropping from last week’s 2.81 percent average. Last year at this time, 15-year rates averaged 3.16 percent.
5-year adjustable-rate mortgages: averaged 2.63 percent, with an average 0.6 point, dropping from last week’s 2.70 percent average. Last year at this time, 5-year ARMs averaged 2.83 percent.
1-year ARMs: averaged 2.53 percent, with an average 0.4 point, dropping from last week’s 2.59 percent average. A year ago at this time, 1-year ARMs averaged 2.78 percent.
Source: Freddie Mac