Average 30-year mortgage falls to 3.71 percent

Created: 03/24/2016 3:21 PM

WASHINGTON (AP) — Average long-term mortgage rates declined this week after three straight weeks of increases.

Here's a look at rates for fixed and adjustable-rate mortgages this week and over the past year:

Current AvgLast week52-week high52-week low
30-year fixed3.71 percent3.73 percent4.09 percent3.62 percent
15-year fixed2.96 percent2.99 percent3.26 percent2.92 percent
5-year adjustable2.89 percent2.93 percent3.09 percent2.79 percent

(Copyright 2016 by The Associated Press. All Rights Reserved.)

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