Freddie Mac

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Mortgage Rates Virtually Unchanged 

Jan 29, 2009By

After sliding downward for 11 straight weeks, mortgage rates rose last week — and remained virtually unchanged through this week, according to Freddie Mac’s [stock FRE][/stock] Primary Mortgage Market Survey released Thursday. 30-year fixed-rate mortgages averaged 5.10 percent with an average 0.7 point this week, dropping just slightly below last week’s 5.12 percent average. Last year at this time, the 30-year fixed-rate mortgage average sat higher at 5.68 percent.

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Updated 11 months ago