Freddie Mac's weekly survey of the primary mortgage market found average interest rates for conforming loan products to be fairly stable.
For the week ending Thursday, 30-year fixed-rate mortgage interest rates remained unchanged at 3.87%, but down 27 basis points from the same time a year ago. Fifteen-year fixed-rate mortgage rates were down three basis points from the week before and 15 points from the same time last year.
Five year Treasury-indexed hybrid adjustable-rate mortgages were up slightly, six basis points, to 2.96% on average, from the prior week and up three basis points from last year. One-year Treasury-indexed adjustable-rate mortgages were 2.59%, up nine basis points from the week before and 19 basis points from the year prior.
"Mortgage rates were little changed for the week following mixed economic data before bond yields began moving higher Wednesday afternoon," Freddie Mac deputy chief economist Len Kiefer said in a released statement. "If the Wednesday
