Hello neighbors,

As for this week's mortgage rates, according to Freddie Mac, the 30-year fixed rate mortgage fell yet again creating record lows for the week ending today producing an average 4.36% with an average point of 0.7. Last week, the average rate for the 30-year fixed rate mortgage came in at 4.42%.

The 15-year fixed rate mortgage produced an average of 3.86% and average 0.6 point, which was also down from the previous week's average of 3.90%.

In addition, Freddie Mac reported an average 3.56% and average 0.6 point for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) this week. This number is unchanged from last week's average.

Lastly, the 1-year Treasury-indexed ARM produced a weekly average of 3.52% with an average 0.7 point. This number showed a slight decrease from last week's average of 3.53%.