McLEAN, Va. (The Wall Street Journal) – Home mortgage rates reached their lowest level of the year, according to Freddie Mac’s weekly survey of mortgage rates.
The 30-year fixed-rate mortgage averaged 4.93 percent, down from 5 percent a week ago.
The 15-year fixed-rate mortgage fell from 4.36 percent to 4.3 percent while the five-year Treasury-indexed hybrid adjustable-rate mortgage showed to be 3.95 percent.
One-year Treasury-indexed ARMs averaged 4.02 percent.
