Mortgage rates have inched up after weeks of moderating, according to the Primary Mortgage Market Survey from Freddie Mac.

“Purchase applications were down this week after soaring early in the year,” said Sam Khater, chief economist for Freddie Mac. “However, softening house price appreciation along with increasing inventory of homes on the market, and historically low mortgage rates, should give a boost to the spring home buying season.”

[caption id="attachment_9187" align="alignright" width="214"] Sam Khater[/caption]

Below are additional takeaways on interest rates:

• The 30-year fixed-rate mortgage averaged 4.46 percent with an average 0.5 point for the week ending Jan. 31, 2019, up from last week when it averaged 4.45 percent. A year ago, the 30-year fixed-rate mortgage averaged 4.22 percent.
• The 15-year fixed rate mortgage averaged 3.89 percent with an average 0.4 point, up from last week when it averaged 3.88 percent. A year ago, the 15-year fixed-rate mortgage averaged 3.68 percent.
• The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.96 percent with an average 0.3 point, up from last week when it averaged 3.9 percent. A year ago at this time, the 5-year adjustable-rate mortgage averaged 3.53 percent.