US average rate on 30-year home loans slips to 3.76 percent

AP News
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Posted: Oct 29, 2015 12:57 PM

Average U.S. long-term mortgage rates were slightly lower to unchanged this week amid expectations that the Federal Reserve isn't ready yet to raise its key short-term interest rate.

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 3.76 percent 3.79 percent 4.02 percent 3.59 percent
15-year fixed 2.98 percent 2.98 percent 3.21 percent 2.92 percent
5-year adjustable 2.89 percent 2.89 percent 3.02 percent 2.82 percent
1-year adjustable 2.54 percent 2.62 percent 2.63 percent 2.37 percent