Massachusetts Home Buyer Guide

The average 30-year, fixed-rate mortgage interest rate in the United States remained less than 4 percent when it declined to 3.95 percent from 3.97 percent the previous week, according to government-sponsored mortgage buyer Freddic Mac.  

The 30-year interest rate was only slightly lower from its level of a year ago, 3.97 percent; however, the average interest rate has increased over the past few weeks from 3.76 percent at the end of October.

The average rate on a 15-year, fixed-rate mortgage was unchanged at 3.18 percent.

The average fee for a 30-year mortgage increased to 0.7 point from 0.6 point the previous week. The fee for a 15-year loan was unchanged at 0.6 point.

The average rate on five-year, adjustable-rate mortgages increased to 3.01 percent from 2.98 percent, and the fee was unchanged at 0.5 point. The average rate on one-year, adjustable-rate mortgages declined to 2.59 percent from 2.64 percent. The fee was unchanged at 0.3 point.