The average weekly rate for a 30-year mortgage is currently two basis points shy of 4.5% and the average rate for a 15-year loan is two basis points above 3.5%. This leaves the 30-year rate more than 1% higher than a year ago and the 15-year rate a little less than 1% higher than a year ago.
The average rate for a five-year Treasury-indexed adjustable-rate mortgage climbed four basis points to 3% during the most recent week and it was 30 basis points higher than a year ago.
The average rate for a one-year Treasury ARM dropped by a basis point, leaving it six basis points above 2.5%, and exactly where it was one year ago, according to Freddie Mac.
Average points during the most recent week were 0.7 of a point for FRMs, 0.4 of a point for five-year Treasury hybrids and 0.5 of a point for one-year Treasury ARMs.