Industry News

Mortgage rates dip slightly, Freddie Mac reports

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Freddie Mac today announced that the 30-year fixed-rate mortgage averaged 6.15 percent, with an average 0.6 point, for the week ending Jan. 12, down from last week's average of 6.21 percent. Last year at this time, the 30-year fixed-rate mortgage averaged 5.74 percent, according to Freddie Mac's latest Primary Mortgage Market Survey, released today.   The average for the 15-year FRM this week is 5.71 percent, with an average 0.6 point, down slightly from last week's average of 5.76 percent. A year ago, the 15-year FRM averaged 5.19 percent.   Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 5.76 percent this week, with an average 0.5 point, down very slightly from last week when it averaged 5.78 percent. A year ago, the five-year ARM averaged 5.05 percent.   One-year Treasury-indexed ARMs averaged 5.15 percent this week, with an average 0.6 point, down very slightly from last week when it averaged 5.16 percent. At this time last year, the one-year A...