The rate on 15-year mortgages eased to 3.34 percent from 3.36 percent last week.
Some investors saw the data as an indication that the economy's strength may be ebbing as it continues to recover from the Great Recession. That dimming of investor confidence drove prices of long-term
To calculate average mortgage rates,
The average fee for a 30-year mortgage was unchanged this week at 0.5 point. The fee on 15-year loans also remained at 0.5 point.
Rates on adjustable five-year loans eased to 3.18 percent from 3.19 percent last week. The fee held at 0.4 point.