The average rate for a benchmark 30-year mortgage inched up 6 basis points (0.06 percentage points) over the past week to 3.00 percent but is still 24 basis points below its mark at the same time last year, 18 basis points lower than at the beginning April, and within 35 basis points of its all-time low.
At the same time, the average rate for a 15-year fixed mortgage inched up 3 basis points to 2.29 percent but is still 41 basis points below its mark at the same time last year while the average rate for a 5-year adjustable held at 2.59 percent (which is 58 basis points below its mark at the same time last year and an eight-year low).
