Interest rates remained flat after dropping for six consecutive weeks, according to the Primary Market Survey from Freddie Mac.

“Weaker manufacturing data and a more dovish tone from the Federal Reserve left mortgage rates unchanged relative to last week,” said Sam Khater, chief economist at Freddie Mac. “However, interest rate-sensitive sectors of the economy--such as consumer mortgage demand and homebuilder construction sentiment--are on the mend, which indicates that lower interest rates are beginning to have a positive impact on some segments of the economy.”

[caption id="attachment_9187" align="alignright" width="241"] Sam Khater[/caption]

Additional interest rate insights are as follows:

• The 30-year fixed-rate mortgage averaged 4.45 percent with an average 0.4 point for the week ending January 17, 2019, unchanged from last week. A year ago, the 30-year FRM averaged 4.04 percent.
• The 15-year fixed-rate mortgage this week averaged 3.88 percent with an average 0.4 point, down from last week when it averaged 3.89 percent. A year ago, the 15-year FRM averaged 3.49 percent.
• The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.87 percent with an average 0.3 point, up from last week when it averaged 3.83 percent. A year ago, the 5-year ARM averaged 3.46 percent.