Mortgage Rates Slip for 2nd Straight Week

24 January 2014

Mortgage Rates Slip for 2nd Straight Week

Inman News

24 January 2013

Mortgage rates slipped for the second consecutive week amid reports showing subdued inflation, Freddie Mac reported.

Rates on 30-year fixed-rate mortgages averaged 4.39 percent with an average point of 0.7 for the week ending Jan. 23, down from 4.41 percent last week but up from 3.42 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.

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

Source: Freddie Mac