Mortgage rates dipped slightly for the week ending Oct. 2 despite strong GDP data, according to a weekly report from Freddie Mac.
The government-sponsored enterprise said the average rate for 30-year fixed-rate mortgages was 4.19%,
Meanwhile, five-year hybrid ARMs averaged 3.06%, or two basis points lower than last week. The average rate for one-year ARMs dropped by one basis point, to 2.42%.
"Mortgage rates were flat to slightly down across the board as