Interest on 30-year fixed mortgages, 15-year fixed loans, five-year adjustable-rate mortgages and one-year ARMS all fell this week according to Freddie Mac.

The average on 30 year financing slipped to 5.2 percent from 5.32 percent a week ago.

The 15-year mortgage declined to 4.69 percent, down from 4.77 percent.

Five-year ARMS were down to 4.82 percent from 4.88 percent.

One-year ARMS fell to 4.82 percent from 4.94 percent.

Source: Los Angeles Times (07/10/09)