Freddie Mac: Mortgage Rates Flat During First Full Week Of 2014

Posted by Patrick Barnard on January 10, 2014 No Comments
Categories : Residential Mortgage

Mortgage rates held steady during the first full week of 2014, according to Freddie Mac's Primary Mortgage Market Survey.

For the week ending Jan. 9, the average rate for a 30-year, fixed-rate mortgage (FRM) was 4.51% – about a 0.7% increase compared to the week prior, when it averaged 4.53%. A year ago at this time, the 30-year FRM averaged 3.40%.

The average rate for a 15-year FRM was 3.56%, up about 0.6% from the week prior, when it averaged 3.55%. A year ago at this time, the 15-year FRM averaged 2.66%.

The average rate for a five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) was 3.15%, up about 0.4% compared to a week earlier, when it averaged 3.05%. A year ago, the five-year ARM averaged 2.67%.

The average rate for a one-year Treasury-indexed ARM was 2.56%, an increase of about 0.5%, compared to the week before, when it averaged 2.60%.

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