The typical rate for a 30-year fixed-rate mortgage dropped slightly this week to 3.55% from 3.59% a week ago, Freddie Mac said in its latest survey of what lenders were offering to solid borrowers.
The borrowers, assumed to be good credit risks and having down payments of at least 20%, would have paid lenders an average of 0.7% of the loan amount in fees and points to obtain the 30-year loan at that rate, according to the the McLean, Va., loan buyer.
The rate for a 15-year fixed loan held steady at 2.86% with 0.6% of the loan principal in upfront lender charges.
Start rates for mortgages with variable interest rates fell slightly.
The Freddie Mac survey covers loans of up to $417,000. The 30-year fixed loan, which fell below 4% last fall and bottomed out at 3.49% in late July, is now very close to that record low.