Breaking News: Freddie Mac mortgage rates back below 4%

The nation's average 30-year fixed-rate mortgage rate dipped back below 4% on weaker housing economic indicators.

The Freddie Mac survey showed the 30-year, FRM averaged 3.99% for the week ending Thursday, down from the prior week's average of 4.08%. Last year at this time, the 30-year FRM averaged 4.86%.

The 15-year, fixed-rate home loan, a popular refinancing choice, averaged 3.23%, down from last week when it averaged 3.30%. A year ago, the average rate for a 15-year FRM was 4.09%.

Five-year, Treasury-indexed hybrid adjustable-rate mortgages averaged 2.90%, down from 2.96% the prior week and down from 3.62% a year earlier.

And one-year, Treasury-indexed ARMs averaged 2.78%, growing from last week when it averaged 2.84% and down from 3.26% last year.

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