Mortgage rates for the both the 30-year and 15-year fixed-rate mortgages remain near historic lows.
Freddie Mac’s Oct. 30 Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage stood at 3.98 percent, up 6 basis points from Oct. 23. In the last week of October 2013, the 30-year fixed-rate mortgage averaged 4. 10 percent.
The 15-year fixed-rate mortgage rose 5 basis points from last week’s 3.08 percent to 3.13 percent. A year ago at this time, the 15-year fixed-rate mortgage averaged 3.20 percent.