Despite the increase of all US mortgage rates last week, this week 15-year mortgage rates have decreased 0.04%, reaching a new record-low mortgage rate that hasn't been seen in over 40 years.

Although some US mortgage rates are slowly increasing, according to Freddie Mac, all mortgage rates continue to be very low this week, with all of them still among the lowest rates that have been seen in almost half a century.

The highlight of this week is the decrease of 15-year fixed-rate mortgages to 2.66% compared to 2.7% last week. This is a new record low 15-year mortgage rate which has even reached a lower rate than that of 5-year mortgages, which is currently at 2.75%. 5-year mortgage rates have increased slightly from 2.73% last week to 2.75% this week.

30-year fixed-rate mortgages have decreased to 3.37% this week from 3.39% last week, which is the second lowest mortgage-rate we've seen in the last 4 decades.

1-year adjustable-rate mortgages are now up from 2.59% last week to 2.6% this week, although this increase is minimal and still at a near-record low.

This week mortgage applications fell 4.2% compared to last week, and the share of those refinancing their homes has also gone down from 83% last week to 82% of the total applicants this week. The adjustable-rate mortgage share has remained unchanged from last week at 4%.

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