WASHINGTON -- Mortgage rates continued to dip near record lows again this week, according to Freddie Mac.
The average for the benchmark 30-year fixed-rate average fell to 3.39%, down from 3.41% a week ago, but up slightly from 3.37%. A year ago the benchmark rate was 4%.
The average for the 15-year fixed-rate loan dipped slightly to 2.70% from 2.72% percent a week ago, but up from a record low of 2.66% two weeks ago. It was 3.31% a year ago at this time.
ARM rates also moved lower, with the average for the five-year ARM slipping to 2.74%, from 2.75% last week; and the average for the one-year ARM inching down to 2.58%, from 2.59%.
“Mortgage rates remained relatively unchanged this week on signs of a growing economy and low inflation,” said Frank. Nothaft, chief economist for Freddie Mac.