The 30-year fixed-rate mortgage (FRM) averaged 4.10 percent, down from last week when it averaged 4.16 percent, while the 15-year FRM this week averaged 3.32 percent, down from last week when it averaged 3.37 percent. The five-year Treasury-indexed hybrid adjustable-rate (ARM) mortgage averaged 3.14 percent, down from last week when it averaged 3.16 percent.
"The 10-year Treasury yield remained relatively flat this week, while the 30-year mortgage rate fell six basis points to 4.1 percent," said Sean Becketti, chief economist, Freddie Mac. "Since the beginning of the year, the 10-year Treasury yield has covered a 22 basis point range. The range of movement for the 30-year has been half that, just 11 basis points."