Mortgage rates improved for the seventh consecutive week and aren’t too far from record lows, according to the latest survey from mortgage financier Freddie Mac.

The popular 30-year fixed mortgage averaged 4.55 percent during the week ending June 2, down from 4.60 percent last week and 4.79 percent a year ago.

The 15-year fixed also improved, falling to 3.74 percent from 3.78 percent, putting it well below the 4.20 percent average seen this time last year.

“Fixed mortgage rates followed U.S. Treasury yields lower this week amid financial market concerns that the current lull in the economy is continuing,” said Frank Nothaft, Freddie Mac chief economist, in a statement.

Remember, bad economic news tends to mean lower mortgage rates, so there’s always a silver lining.

(Mortgage rate vs APR)

Meanwhile, the 5/1 adjustable-rate mortgage remained unchanged at 3.41 percent and the one-year ARM inched up to 3.13 percent from 3.11 percent.

A year ago, the 5/1 ARM averaged 3.94 percent and the one-year stood at 3.95 percent.

The interest rates above are good for conforming loan amounts at 80 percent loan-to-value; pricing adjustments may increase or lower the rate you ultimately receive, and mortgage points must also be paid.

Jumbo loans continue to price a half percentage point or more higher than conforming mortgages.