Average long-term mortgage rates fall to new lows for year

AP News
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Posted: May 12, 2016 4:13 PM

Average long-term mortgage rates fell this week for a third straight week, posting new lows for the year. The benchmark 30-year rate reached a three-year low.

Current avg Last week 52-week high 52-week low
30-year fixed 3.57 percent 3.61 percent 4.09 percent 3.57 percent
15-year fixed 2.81 percent 2.86 percent 3.26 percent 2.81 percent
5-year adjustable 2.78 percent 2.80 percent 3.09 percent 2.78 percent