For the second consecutive week, mortgage rates showed signs of receding, helping to “alleviate concerns over a slowdown in the housing market,” Freddie Mac said in its weekly mortgage market report. 

Freddie Mac reports the following national averages for mortgage rates for the week ending July 25: 

• 30-year fixed-rate mortgages: averaged 4.31 percent, with an average 0.8 point, falling from last week’s 4.37 percent average. A year ago at this time, 30-year rates averaged 3.49 percent. 
• 15-year fixed-rate mortgages: averaged 3.39 percent, with an average 0.8 point, dropping from last week’s 3.41 percent average. Last year at this time, 15-year rates averaged 2.80 percent. 
• 5-year adjustable-rate mortgages: averaged 3.16 percent, with an average 0.7 point, falling slightly from last week’s 3.17 percent average. Last year at this time, 5-year ARMs averaged 2.74 percent. 
• 1-year ARMs: averaged 2.65 percent, with an average 0.4 point, dropping from last week’s 2.66 percent average. Last year at this time, 1-year ARMs averaged 2.71 percent. 

Source: Freddie Mac