Average US rate on 30-year mortgage slips to 3.65 percent

FILE - In this May 14, 2014 photo, a new home is for sale in the Winthrop subdivision in Riverview, Fla. Freddie Mac reports on average U.S. mortgage rates on Thursday, April 23, 2015. (AP Photo/Chris O'Meara, File) FILE - In this May 14, 2014 photo, a new home is for sale in the Winthrop subdivision in Riverview, Fla. Freddie Mac reports on average U.S. mortgage rates on Thursday, April 23, 2015. (AP Photo/Chris O'Meara, File)

By Associated Press April 23, 2015 1 min read

WASHINGTON (AP) – Average long-term U.S. mortgage rates are down slightly this week and remain near historic lows.

Mortgage giant Freddie Mac says the national average for a 30-year fixed -rate mortgage slipped to 3.65 percent from 3.67 percent last week.

The average rate for a 15-year mortgage, popular with homeowners who refinance, slid to 2.92 percent from 2.94 percent.

A year ago, the 30-year mortgage rate averaged 4.33 percent; the 15-year mortgage averaged 3.39 percent.

The average rate on a five-year adjustable-rate mortgage dropped to 2.84 percent from 2.88 percent last week. For a one-year ARM, the average rate slipped to 2.44 percent from 2.46 percent last week.