Rates on 30-year fixed-rate mortgages averaged 4.5 percent with an average point of 0.7 for the week ending Sept. 19, down from 4.57 percent last week but up from 3.49 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Rates on 15-year fixed-rate mortgages, five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans and one-year Treasury-indexed ARMs also fell

– See more at: http://www.inman.com/wire/mortgage-rates-drop/#sthash.JbHMWlVD.dpuf