McLEAN, Va. – The mortgage yield curve continue to flatten this week, with long-term rates tipping slightly upwards and short-term rates dipping slightly downwards, according to Freddie Mac. The average for the benchmark 30-year, fixed-rate loan rose to 6.25%, from 6.23% last week, while the average for the 15-year, fixed-rate mortgage remained the same at 5.98%. But ARM rates declined, with the average for the five-year ARM dipping to 6.0%, from 6.04%; and average for the one-year ARM falling to 5.49%, from 5.51% .“Mortgage rates were mixed this week on news that December's leading indicators, a measure of future economic activity, signaled steady growth in the coming months," said Frank Nothaft, chief economist for Freddie Mac.
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