US rate on 30-year loan slips to 4.31 pct.

Average rates on U.S. fixed mortgages fell for the second straight week, a welcome sign for homebuyers hoping to lock in lower rates that had spiked earlier this month.

Here’s a look at rates for fixed and adjustable mortgages this week and over the past year:

Current avg. Last week 52-week high 52-week low
30-year fixed 4.31 4.37 4.51 3.31
15-year fixed 3.39 3.41 3.53 2.63
5-year adjustable 3.16 3.17 3.26 2.56
1-year adjustable 2.65 2.66 2.70 2.52
All values in percentage points
Source: Freddie Mac Primary Mortgage Market Survey
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