FREDDIE MAC: Mortgage Rates Largely Unchanged

"Mortgage rates were flat to down a little this week amid reports that inflation remains contained," noted Frank Nothaft,  vice president and chief economist at Freddie Mac. "The overall producer price index rose 0.1 percent between November and December, below the market consensus forecast, and the consumer price index was unchanged. For the year as a whole, consumer prices rose just 1.7 percent in 2012, almost half that of 2011's increase of 3.0 percent."

Quick Facts

• 30-year fixed-rate mortgage (FRM) averaged 3.38 percent with an average 0.7 point for the week ending January 17, 2013, down from last week when it averaged 3.40 percent. Last year at this time, the 30-year FRM averaged 3.88 percent. 
• 15-year FRM this week averaged 2.66 percent with an average 0.7 point, the same as last week. A year ago at this time, the 15-year FRM averaged 3.17 percent. 
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.67 percent this week with an average 0.6 point, the same as last week. A year ago, the 5-year ARM averaged 2.82 percent.
• 1-year Treasury-indexed ARM averaged 2.57 percent this week with an average 0.4 point, down from last week when it averaged 2.60. At this time last year, the 1-year ARM averaged 2.74 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.