Rates on 30-year fixed-rate mortgages averaged 4.32 percent with an average point of 0.7 for the week ending Jan. 30, down from 4.39 percent last week but up from 3.53 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.

“Mortgage rates eased somewhat as new-home sales fell 7 percent in December to a seasonally adjusted pace of 414,000 units, below the consensus,” said Frank Nothaft, vice president and chief economist, Freddie Mac. “The S&P/Case-Shiller 20-city composite house price index declined 0.1 percent for the month of November, the first decrease since November 2012.”

Source: Freddie Mac