The 30-year fixed rate mortgage averaged 6.14 percent with an average 0.4 point for the week ending March 15, 2007. The 6.14 percent remained the same since last week. Last year the average was 6.34 percent.

The 15-year FRM this week averaged 5.88 percent with an average 0.4 point, up from last week when it averaged 5.86 percent. A year ago, the 15-year FRM averaged 5.98 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.90 percent this week, with an average 0.6 point, unchanged from last week when it averaged 5.90 percent. A year ago, the 5-year ARM averaged 5.93 percent.

One-year Treasury-indexed ARMs averaged 5.42 percent this week with an average 0.7 point, down from last week when it averaged 5.47 percent. At this time last year, the 1-year ARM averaged 5.37 percent.

(Average commitment rates should be reported along with average fees and points to reflect the total cost of obtaining the mortgage.)

Source: Freddie Mac