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A glance at US mortgage rates

US average mortgage rates fell this week amid a steep decline in stock prices. The average rate on the benchmark 30-year, fixed-rate mortgage dipped to 4.75% from 4.81% last week.

Long-term U.S. mortgage rates fell this week amid a steep decline in stock prices, according to mortgage giant Freddie Mac.

This week

Last week

Year ago

30-year fixed

4.75

4.81

3.94

15-year fixed

4.21

4.25

3.36

5-year adjustable

4.07

4.12

3.36