After rising slightly the previous week, mortgage rates ticked down again during the week ending Sept. 25, according to Freddie Mac's Primary Mortgage Market Survey.
The average rate for a 30-year fixed-rate mortgage (FRM) was 4.20%, down from 4.23% the previous week. A year ago at this time, the 30-year FRM averaged 4.32%.
The average rate for a 15-year FRM was 3.36%, down slightly from 3.37% the week prior. A year ago at this time, the 15-year FRM averaged 3.37%.
The average rate for a five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) was 3.08%, up from 3.06% the previous week. A year ago, the five-year ARM averaged 3.07%.
The average rate for a one-year Treasury-indexed ARM was 2.43%, unchanged from the previous week. At this time last year, the one-year ARM averaged 2.63%.