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US average rate on 30-year home loans falls to 4.04 percent

Created: 07/09/2015 1:55 PM WNYT.com
By: By The Associated Press

Average U.S. long-term mortgage rates fell this week, retreating from high levels for the year amid economic turbulence overseas.

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

Current avg.Last week52-week high52-week low
30-year fixed4.04 percent4.08 percent4.23 percent3.59 percent
15-year fixed3.20 percent3.24 percent3.37 percent2.92 percent
5-year adjustable2.93 percent2.99 percent3.08 percent2.82 percent
1-year adjustable2.50 percent2.52 percent2.59 percent2.35 percent

(Copyright 2015 by The Associated Press. All Rights Reserved.)

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