Mortgage rates fell by up to 7 basis points
The current 30-year fixed rate decreased by 1 basis point to 6.35%.
The 15-year fixed rate fell by 7 basis points to 5.78%, and the 5/1 ARM decreased by 6 basis points to 6.30%.
Mortgage refinance rates also declined, with the 30-year fixed refinance rate at 6.34% and the 15-year fixed refinance rate at 5.82%.