Mortgage rates little changed

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

Subscribe to Real Estate
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Mortgage Rates
30 yr fixed 3.94%
15 yr fixed 3.02%
5/1 ARM 3.48%
30 yr refi 4.01%
15 yr refi 3.10%

Find personalized rates:
 

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



Photo Galleries
Meet the kids dressed as Oscars red carpet stars By now, you've seen the red carpet looks from the 2015 Oscars. But you haven't seen 5 year-olds dressed up like A-listers at the awards, until now. Photographer Tricia Messeroux and designer Andrea Pitter recreated the pint-sized looks in just 36 hours. More
Flying economy doesn't have to be miserable For those willing to shell out just a little extra, several à la carte services offer experiences usually reserved for First Class passengers. More
Consumer Reports' Top Picks - American cars are back The magazine's favorite cars include three American models for the first time in years, thanks to a big boost from Tesla. More