Mortgage rates take another dip

Rates on 30-year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday.

The average rate for a 30-year fixed mortgage fell to 4.83 percent, down from 4.91 percent last week, the mortgage company said. Last year at this time, 30-year mortgages averaged 6.04 percent. The average rate on a 15-year fixed-rate mortgage fell to 4.32 percent from 4.36 percent last week.