National mortgage rates for Nov. 15, 2012

Find the best mortgage rates in your area.

Mortgages

• 3.54% (30-year fixed)
• 0.39 (average points)

Mortgage rates fell in this week's rate survey.

The price of a 30-year fixed-rate mortgage fell 3 basis points this week to 3.54 percent. A basis point is one-hundredth of 1 percentage point.

The 15-year fixed-rate mortgage fell 1 basis point to 2.87 percent.

For loans of more than $417,000, the average 30-year rate on a jumbo mortgage went down 3 basis points to 4.06 percent.

The benchmark adjustable-rate mortgage, the 5/1 ARM, was still 2.72 percent. ARMs have a fixed rate for five years and an annual adjustment every year after that.