Hello neighbors,

Wondering what the mortgage rates are looking like for the end of the month? According to reports released by Freddie Mac, mortgage rates were flat this week. Their Primary Mortgage Market Survey showed an average of 4.98% as well as an average 0.6 point for the week ending on January 28th for 30 - year  fixed - rate mortgage (FRM) which were down from the previous week's average of 4.99%. This rate is also down from last year's average rate of 5.10% at this time.

In addition, there was a 4.39% average and an average 0.6 point for 15 - year FRM which showed a decrease from the previous week's average of 4.40%. At this time last year, 15 - year FRM's averaged 4.80%.

There was an average of 4.25% this week with an average 0.6 point in the 5 year - Treasury - indexed hybrid adjustable - rate mortgage (ARM) which was also a decrease from last week's average of 4.27% and last year's average of 5.27%.

Lastly, there was an average of 4.29% with an average 0.5 point for the 1 - year treasury - indexed ARM this week which was also a decrease from last week's averaged 4.32% as well as last year's 4.90%.

All in all mortgage rates proved to be pretty steady for the last week of the month.