The 30- and 15-year and one-year ARMs rates all moved to new record lows in the week ending Dec. 3, according to Freddie Mac's weekly survey. 

The 30-year fixed mortgage rate declined to 4.71% with an average 0.7 point from 4.78% last week, 15-year fixed rates slipped two basis points to 4.27%, and one-year ARMs dropped 10 basis points to 4.25%. 5/1 Hybrid ARM rates rose one basis point to 4.19% and is near its record low.

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