Fixed mortgage rates sink to lowest point of - Se

Mortgage rates dipped this week to the lowest point this year, Freddie Mac reported Thursday.

The rates don’t include add-on fees known as points. One point equals 1 percent of the total loan amount.

• Jumbo: The average rate for “jumbo” loans, used to buy more expensive homes, was unchanged this week at 5.75 percent, according to Bankrate.com. But since the financial crisis, rates on jumbos have dipped closer to rates on conventional mortgages.

• 5-year adjustable: 3.97 percent, up from 3.91 percent last week.

• 15-year fixed: 4.21 percent,Seven, down from 4.24 percent last week.

Here’s a look at this week’s rates:

• 1-year adjustable: 3.95 percent, down from 4 percent last week.

• 30-year fixed: 4.78 percent, down from 4.84 percent last week.

The nationwide fee for loans in Freddie Mac’s survey averaged 0.7 a point for 30-year,Bape, 15-year and 5-year loans. The average fee for 1-year loans was 0.6 of a point.