The Federal Home Loan Mortgage Corporation (Freddie Mac) reported that nationwide average mortgage rates fell in the past week. Freddie's Primary Mortgage Market Survey listed average 30-year fixed rate mortgages at 6.18%, which is down from the 6.22% rate reported by Freddie the previous week.15-year fixed rate mortgages showed an even greater decline from 5.97% reported the previous week to 5.92% reported in the latest survey.
5-year adjustable rate mortgages slipped to 5.93%, which is down from the rate of 5.97% reported previously. One-year adjustable rate mortgages bucked the downward trend, however, by remaining unchanged at 5.49%.
Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):
| Rates This Week | Last Week's Rate | |
| 30-year Fixed | 6.18% | 6.22% |
| 15-year Fixed | 5.92% | 5.97% |
| 5-year ARM | 5.93% | 5.96% |
| 1-year ARM | 5.49% | 5.49% |
Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
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