Interest.com's weekly survey of major lenders, taken March 17, found the average interest rate for a:
30-year, fixed-rate loan fell to 5.07% from 5.08%. A year ago, it was 5.29%.
15-year, fixed-rate loan rose to 4.45% from 4.43%. A year ago, it was 4.86%.
30-year, fixed-rate jumbo loan -- loans for more than $417,000 to $729,500, depending on the market -- felll to 5.88 from 5.92%. A year ago, it was 6.88%. One-year, adjustable-rate loan rose to 4.84% from 4.83%. A year ago, it was 5.48%.
Five-year, adjustable-rate loan fell to 4.46% from 4.47%. A year ago, it was 5.24%.
Our database of mortgage rates can help you find the best deals in your area, including many that are less costly than these national averages.
Whether you're buying a home or refinancing an existing mortgage, we have a mortgage calculator that can help you make the right decisions.
By Carolyn Siegel
Interest.com Associate Editor
interest.com