To calculate average mortgage rates, Freddie Mac surveys lenders across the country on Monday through Wednesday of each week. The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for 30-year loans was 0.7 point, unchanged from last week. The fee for 15-year loans was also unchanged at 0.7 point.
The average rate on a five-year adjustable-rate mortgage ticked down to 2.70 percent from 2.71 percent last week. The fee was also unchanged at 0.7 point.
The average rate on a one-year adjustable-rate mortgage rose to 2.56 percent from 2.52 percent. The fee for one-year adjustable-rate loans rose to 0.5 point from 0.4 point.