Mortgage Rates at New Lows

• 30-year fixed-rate mortgage: averaged 4.32 percent, down from last week’s 4.39 percent, and marking this week a new low for this year. A year ago at this time, the 30-year rate averaged 4.44 percent. 
• 15-year fixed-rate mortgage: averaged 3.50 percent, moving down from last week’s 3.54 percent, and reaching a new all-time low for 15-year rates. Last year at this time, the 15-year mortgage averaged 3.92 percent.  
• 5-year ARM: averaged 3.13 percent this week, inching down from last week’s 3.18 percent. Last year at this time, the 5-year ARM averaged 3.56 percent. 
• 1-year ARM: averaged 2.89 percent, dropping from last week’s 3.02 percent. A year ago at this time, the 1-year ARM averaged 3.53 percent. 

Source: REALTOR Magazine Daily News