Rates on 30-year fixed loans fall to lowest point this year amid European turmoil

Fixed mortgage rates sink to lowest point of year

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

Here’s a look at this week’s rates:

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

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

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

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

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

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

— 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.