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Mortgage Rates Drift, But Mostly Downward

26 January 2006

Weekly Mortgage Survey - Week Ending January 19, 2006

Fixed rate mortgages continued to decline during the week ended January 19. The
30 year fixed rate mortgage, according to Freddie Mac’s Weekly Primary Mortgage
Market Survey has slipped 22 basis points since its most recent high during the
week ended December 16, 2005 when it averaged 6.32. Last week the survey reported
the rate as 6.10 percent. This rate was five basis points lower than reported
the previous week and fees and points were also down from 0.6 to 0.5.

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