US rate on 30-year mortgage dips to 4.29 percent

Average US mortgage rates this week and for the past year, at a glance

Associated Press

Average U.S. rates on fixed mortgages fell this week after last week's surge. The declines could prompt homebuyers to act quickly before rates rise further.

Here's a look at rates for fixed and adjustable mortgages this week and over the past year:

Current avg. Last week 52-week high 52-week low
30-year fixed 4.29 4.46 4.46 3.31
15-year fixed 3.39 3.50 3.50 2.56
5-year adjustable 3.10 3.08 3.10 2.56
1-year adjustable 2.66 2.66 2.71 2.52
All values in percentage points
Source: Freddie Mac Primary Mortgage Market Survey
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