Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

Full Bio →

Written by

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

Full Bio →

Reviewed by Joel Ohman
Founder, CFP® Joel Ohman

UPDATED: Jan 17, 2013

Advertiser Disclosure

Advertiser Disclosure: We strive to help you make confident loan decisions. Comparison shopping should be easy. We are not affiliated with any one loan provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about loans. Our goal is to be an objective, third-party resource for everything loan related. We update our site regularly, and all content is reviewed by experts.

Mortgage loan interest rates remained flat this week according to Freddie Mac’s weekly survey.

Freddie Mac, a provider of stability and liquidity for the United States’ residential mortgage markets, conducts weekly surveys to assess four types of mortgage loan interest rates.

For the week ending Jan. 17, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.38 percent with an average 0.7 point. The rate is down from last week when it averaged 3.40 percent. At this time last year, the 30-year FRM averaged 3.88 percent.

The 15-year fixed-rate mortgage averaged 2.66 percent with a 0.7 point, the same as last week. A year ago, the 15-year fixed mortgage loan interest rate averaged 3.17 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.67 percent with a 0.6 point this week, the same as last week. Last year at this time, the 5-year ARM averaged 2.82 percent.

The 1-year Treasury-indexed ARM averaged 2.57 percent with a 0.4 point, down from last week’s 2.60 percent average. At this time last year, the 1-year ARM averaged 2.74 percent.

Frank Nothaft, vice president and chief economist for Freddie Mac, said mortgage loan interest rates were down due to reports that inflation remains contained.

Leonard Kiefer, Deputy Chief Economist at Freddie Mac, told that although “labor markets are improving, there is still considerable slack in the overall economy, reducing short term pressure on inflation.”

Inflation in 2012 was driven partly by high energy and food prices.

But the mortgage interest rates are on track with yearly predictions made at the end of 2012. Kiefer said that mortgage interest rates are moving in line with expectations.

“In 2012, following the Fed’s purchases of MBS (Mortgage-Backed Securities), mortgage rates came down and remain near historic lows,” Kiefer said.

He said that as long as unemployment remains around 6.5 percent, the Federal Reserve is committed to keeping short term interest rates low.

“This should translate to lower mortgage rates that only increase gradually as the economy heals and longer term expectations of economic growth improve,” Kiefer said to