After popping up eight basis points last week after holding at a record low 3.87% for three weeks, 30-year fixed mortgage rates declined five basis points to 3.90% for the week ending March 1, according to Freddie Mac's survey.

The 15-year fixed rates eased two basis points to 3.17%, while one-year ARMs averaged 2.72% compared to 2.73% previously. Only 5/1 hybrid ARMs were higher at 2.83%, a three basis points increase over the week.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.