Freddie Mac’s weekly rate survey showed that for the week ending April 1, rates averaged:
3.18 percent for 30-year fixed-rate mortgages, with an average 0.7 point, up just 1 basis point from last week and down from 3.33 percent a year ago.
2.45 percent for 15-year fixed-rate mortgages, with an average 0.6 point, unchanged from last week and down from 2.82 percent a year ago.
2.84 percent for 5-year Treasury-indexed hybrid adjustable-rate mortgages, with an average 0.3 point, unchanged from last week and down from 3.40 percent a year ago.
Freddie Mac’s survey tracks conventional conforming purchase loans for borrowers with excellent credit making down payments of at least 20 percent. Borrowers with less-than-perfect credit making smaller down payments can expect to be offered higher rates.