Average U.S. long-term mortgage rates dropped this week to their lowest levels since May.
Here's a look at rates for fixed- and adjustable-rate mortgages this week and over the past year:
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|Current avg.||Last week||52-week high||52-week low|
|30-year fixed||3.84 percent||3.93 percent||4.23 percent||3.59 percent|
|15-year fixed||3.06 percent||3.15 percent||3.37 percent||2.92 percent|
|5-year adjustable||2.90 percent||2.94 percent||3.08 percent||2.82 percent|
|1-year adjustable||2.62 percent||2.62 percent||2.62 percent||2.37 percent|