Rates on 30-year fixed-rate mortgages averaged 4.32 percent with an average point of 0.6 for the week ending March 20, down from 4.37 percent last week but up from 3.54 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Rates on 15-year fixed-rate mortgages and five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans also decreased, while rates on one-year Treasury-indexed ARMs inched up.

Source: Freddie Mac