Fixed mortgage rates eased slightly this week, with lenders offering 30-year loans to solid borrowers at an average interest rate of 3.32%, down from 3.34% last week and near the record low, according to the latest Freddie Mac survey.
The big buyer and guarantor of mortgages said in the survey, released Thursday, that the average rate for a 15-year fixed mortgage edged down to 2.66% from 2.67%. The shorter-term fixed loans have proved popular this year with homeowners refinancing to retire mortgages faster.
Freddie Mac surveys lenders across the country Monday through early Wednesday each week to compile its averages. The 30-year rate set an all-time low of 3.31% in the Nov. 21 report.
The rates are for borrowers with good credit and 20% down payments who would pay minimal fees and discount points to lenders -- an average of 0.7% of the 30-year loan balance in the latest survey. Third-party costs often paid by borrowers, such as for title insurance and appraisals, are not included.