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Fixed mortgage remain a bargain at the start of the spring-buying season: The average rate on the 30-year mortgage dipped this week, while the 15-year loan fell to a new record low, The Associated Press reports.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan ticked down to 3.88 percent, from 3.90 percent the previous week. That's slightly above the 3.87 percent average rate hit three weeks ago, which was the lowest since long-term mortgages began in the 1950s.

The average on the 15-year fixed mortgage fell to 3.13 percent, from 3.17 percent a week ago.

Rates on the 30-year loan have been below 4 percent for three months.

To calculate the average rates, Freddie Mac surveys lenders across the country Monday through Wednesday of each week.

For the five-year adjustable loan, the average rate fell to 2.81 percent from 2.83 percent, and the average fee was unchanged at 0.7.

The average on the one-year adjustable loan ticked up to 2.73percent from 2.72 percent, and the average fee was unchanged at 0.6.

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