30-year mortgage rate ticks down to 4.10%

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30-year mortgage rate ticks down to 4.10%
WASHINGTON (MarketWatch) -- Fixed mortgage rates are remaining near record lows, with the average rate on the 30-year fixed-rate mortgage ticking down to 4.10% in the week ending Oct. 27, compared with 4.11% in the prior week, Freddie Mac reported Thursday. "Fixed mortgage rates followed other long-term interest rates and showed little change, on average, from the prior week. The latest monthly housing market indicators were mixed, with consumer confidence soft, house prices largely flat, and new home sales up from very low levels," said Frank Nothaft, Freddie Mac's chief economist, in a statement. A year ago, the 30-year rate was at 4.23%, according to the buyer of residential mortgages. To obtain the latest rate, payment of an average 0.8 point was required. A point is 1% of the mortgage amount, charged in prepaid interest. The average rate on the 15-year fixed-rate mortgage remained at 3.38%. Meanwhile, the 5-year Treasury-indexed hybrid adjustable-rate mortgage rose to 3.08% from 3.01%. The 1-year Treasury-indexed ARM declined to 2.90% from 2.94%.