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US mortgage rates fall this week

The Associated Press

Average U.S. rates on fixed mortgages fell sharply this week and moved closer to historic lows.

Here's a look at rates for fixed and adjustable mortgages over the past 52 weeks:

Current avg. Last week 52-week high 52-week low
30-year fixed 3.43 3.54 3.90 3.31
15-year fixed 2.65 2.74 3.13 2.63
5-year adjustable 2.62 2.65 2.85 2.61
1-year adjustable 2.62 2.63 2.81 2.52
All values in percentage points
Source: Freddie Mac Primary Mortgage Market Survey