Mortgage rates remain unchanged for the second week in a row.

According to the latest Freddie Mac Primary Mortgage Market Survey, the average 30-year rate ended the week of January 24 at 4.45 percent. That was unchanged from the week before. Last year’s 30-year rate was 4.15 percent.

Fifteen-year fixed rates also remained unchanged at 3.88 percent. A year ago, the average 15-year rate was 3.62 percent.

The average rate for 5-year adjustable rate mortgages was 3.90 percent. The week before it was 3.87. A year ago, it was 3.52 percent.

“Mortgage rates have stabilized during the last month and are essentially at the same level as last spring – yet the most recent home sales are roughly half a million lower over the same period,” said Freddie Mac Chief Economist Sam Khater.
“Given that the economy remains on solid footing and weekly mortgage purchase application activity has been strong so far in 2019, we expect the decline in home sales to moderate or even reverse over the next couple of months.”