30 year fixed mortgage rate is averaging 3.62% with an average of 0.6 points for the week ending 2/25/2016.  A year ago at this time, it was 3.8%.  The 15 year rate is now averaging 2.95% with an average 0.5 point, down from a year ago at 3.07%.  Adjustable rates are of course, lower.  All this according to Freddie Mac in McLean, Virginia that were recently released.