Mortgage Rates Friday: Calm First Week

The average rate on a 30-year fixed-rate mortgage declined two basis points, the rate for the 15-year fell one basis point and the 5/1 ARM dropped by one basis point, according to a NerdWallet survey of daily mortgage rates published by national lenders Friday.

The average rate on the 30-year fixed is 24 basis points lower than one year ago. A basis point is one one-hundredth of one percent.

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