Freddie Mac reported 30-year, fixed-rate mortgage rates averaged 4.80% compared with 4.82% last week and is within two basis points of its historic low, while 15-year fixed were unchanged at 4.48%.

On the adjustable side, five-year hybrid ARM rates declined to 4.85% from 4.88% and one-year ARM rates fell nine basis points to 4.82%.

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