Average rates on 30-year, fixed-rate mortgages declined to 5.78% this week, down from 5.93% last week, mortgage company Freddie Mac said.
Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, fell to 5.35% from 5.54%. Five-year, adjustable-rate mortgages averaged 5.67%, down from 5.87% last week. One-year, adjustable-rate mortgages fell to 5.03% from 5.21%.
