30-year mortgage rate matching record low of 3.87% (by Ruth Mantell)

WASHINGTON (MarketWatch) - The average rate on the 30-year fixed-rate mortgage remained at 3.87% in the week ending Feb. 9, matching a record low set in the prior week, Freddie Mac said Thursday in its weekly report on mortgage rates. The 30-year mortgage data go back to 1971. A year ago, the 30-year rate was at 5.05%. To obtain the latest rate, payment of an average 0.8 point was required, according to Freddie, a buyer of residential mortgages. A point is 1% of the mortgage amount, charged in prepaid interest. The 15-year fixed-rate mortgage ticked higher to 3.16% in the latest week from a record low of 3.14% in the prior week. The 15-year-mortgage data go back to 1991. Meanwhile, the average rate on the 5-year Treasury-indexed hybrid adjustable-rate mortgage rose to 2.83% from a record low of 2.80% in the prior week. The five-year-mortgage data go back to 2005. The 1-year Treasury-indexed ARM rose to 2.78% from 2.76%.