Mortgage Rates Inch Lower

Mortgage rates moved lower this week, with the 30-year, fixed rate averaging 3.90 percent, a decrease from 3.92 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.30 percent, down from 3.32 percent the week prior, while the five-year, Treasury-indexed hybrid adjustable rate averaged 3.32 percent, up from 3.22 percent the week prior.
“The 30-year fixed mortgage rate fell two basis poi