Mortgage rates held steady this week, with lenders offering 30-year fixed-rate loans at 4.88% on average and 15-year fixed loans at 4.15%, Freddie Mac reported in its latest weekly survey.
The borrowers would have paid 0.7% of the loan balance in upfront lender fees and discount points to obtain the rates, the mortgage financing firm said Thursday.
In Freddie's survey a week earlier, the 30-year loan was being offered at 4.87% and the 15-year at 4.15%. Start rates on adjustable loans were nearly unchanged as well, the survey showed.
The 30-year mortgage rate, which twice dipped to less than 4.2% last fall in the Freddie survey, climbed back above 5% in mid-February before again dropping below 5%.