US average rate on 30-year home loans falls to 3.86 percent

AP News
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Posted: Sep 24, 2015 1:04 PM

Average U.S. long-term mortgage rates declined this week following the Federal Reserve's decision to keep interest rates at record lows for now.

Here's a look at rates for fixed- and adjustable-rate mortgages this week and over the past year:

Current avg. Last week 52-week high 52-week low
30-year fixed 3.86 percent 3.91 percent 4.19 percent 3.59 percent
15-year fixed 3.08 percent 3.11 percent 3.36 percent 2.92 percent
5-year adjustable 2.91 percent 2.92 percent 3.06 percent 2.82 percent
1-year adjustable 2.53 percent 2.56 percent 2.63 percent 2.37 percent