Mortgage rates little changed

A light week for economic data left mortgage rates mixed, but little changed, says Freddie Mac.

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Mortgage Rates
30 yr fixed 3.99%
15 yr fixed 3.06%
5/1 ARM 3.20%
30 yr refi 3.99%
15 yr refi 3.07%

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Rates provided by Bankrate.com.

NEW YORK (CNNMoney.com) -- Mortgage rates were little changed this week as labor productivity rose higher than forecast and pending existing home sales weakened, Freddie Mac reported Thursday.

The government-sponsored loan buyer said 30-year fixed-rate loans averaged 5.72% for the week ending Thursday, up from 5.67% last week.

Last year at this time, the 30-year rate averaged 6.30%, Freddie Mac said.

"This week was relatively light on the number of economic data releases, which painted a mixed picture regarding the current state of the economy," said Freddie Mac (FRE, Fortune 500) vice president and chief economist Frank Nothaft in statement Thursday.

"On a positive note, labor productivity rose higher than market forecasts in the fourth quarter of 2007 while gains in labor costs slowed. However, pending existing home sales fell for the second month in December, indicating further weakness in home sales for January and February," Nothaft added.

Freddie Mac said 15-year fixed-rate loans averaged 5.25%, up from 5.15% last week. A year ago, the 15-year rate averaged 6.03%.

Rates on five-year adjustable-rate mortgages (ARMs) averaged 5.19%, down from 5.21% last week. A year ago, the 5-year rate averaged 6.01%.

One-year Treasury-indexed ARMs averaged 5.03%, unchanged from last week. At this time a year ago, the 1-year ARM averaged 5.52%. To top of page



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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.