Fixed mortgage rates edged down as the spring homebuying season began to kick in this week, Freddie Mac reported.
Rates on 30-year fixed-rate mortgages averaged 4.34 percent with an average point of 0.7 for the week ending April 10, down from 4.41 percent last week but up from 3.34 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.
Rates on 15-year fixed-rate mortgages, five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans and one-year Treasury-indexed ARMs also slipped.
Source: Freddie Mac
