The average rate for a benchmark 30-year mortgage, which dropped to a new all-time low of 2.81 percent last week, has inched down another basis point to 2.80 percent, which is nearly a full percentage point, or 25 percent, lower than at the same time last year, according to Freddie Mac’s Mortgage Market Survey data.

At the same time, the average rate for a 15-year fixed mortgage has inched down another 2 basis points to 2.33 percent, which is 85 basis points below its mark at the same time last year and a new all-time low, while the average rate for a 5-year adjustable inched down 3 basis points to 2.87 percent, which is now 53 basis points below its mark at the same time last year but still 31 basis points above its all-time low of 2.56 percent set in May of 2013.

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