Mortgage rates have dipped slightly over the last seven days according Bankrate. Both the 30-year and 15-year fixed-mortgages have fallen, which could mean even more activity on the refinancing side for lenders.
"The average rate you’ll pay for a 30-year fixed mortgage is 3.69 percent, down 10 basis points over the last seven days. A month ago, the average rate on a 30-year fixed mortgage was higher, at 4.12 percent," according to Bankrate
Meanwhile, the report revealed that the average 15-year fixed-mortgage is now sitting at 3.17 percent, falling three basis points over the last seven days.
"Monthly payments on a 15-year fixed mortgage at that rate will cost around $699 per $100,000 borrowed," according to the report.