The rate on benchmark 30-year, fixed-rate mortgages slipped this week to 3.92 percent from 3.95 percent last week. But the 15-year, fixed-rate mortgage, popular among homeowners seeking to refinance, blipped up to 3.32 percent from 3.31 percent.
A year ago, the 30-year stood at 4.03 and the 15-year at 3.25 percent.
Mortgage rates often follow the yield on 10-year Treasury notes, which dipped this week.
The five-year adjustable mortgage rate rose to 3.22 percent from 3.21 percent last week and 3.12 percent a year ago.