The average 30-year fixed-rate mortgage remained flat for the week, and not far from where rates were one year earlier.

Week Ending January 4, 2007

Average 30-year fixed-rate mortgage

01/04: 6.18%
12/28: 6.18%
12/21: 6.13%
12/14: 6.12%
12/07: 6.11%
11/30: 6.14%
11/22: 6.18%
11/16: 6.24%

One Year Ago: 6.21%

Average 15-year fixed-rate mortgage

01/04: 5.94%
12/28: 5.93%
12/21: 5.89%
12/14: 5.86%
12/07: 5.84%
11/30: 5.87%
11/22: 5.91%
11/16: 5.94%

One Year Ago: 5.76%

Average 5-year Treasury-indexed hybrid ARM

01/04: 6.02%
12/28: 5.98%
12/21: 5.96%
12/14: 5.92%
12/07: 5.92%
11/30: 5.95%
11/22: 5.99%
11/16: 6.04%

One Year Ago: 5.78%

Average One-year Treasury-indexed ARM

01/04: 5.42%
12/28: 5.47%
12/21: 5.44%
12/14: 5.45%
12/07: 5.43%
11/30: 5.46%
11/22: 5.49%
11/16: 5.53%

One Year Ago: 5.16%

"Interest rates were flat this past week, reflecting the mixed messages from recent economic indicators," said Frank Nothaft, Freddie Mac vice president and chief economist.

"The recently released manufacturing report showed improvement, and while construction spending for November was down, it was still better than expected. On the other hand, a private sector employment report suggested that the labor market was weaker than anticipated. As a result, 30-year fixed-rate mortgage rates started off the year at about the same level as this time last year. "

Nothaft added, "Currently the market is waiting for a clearer signal on the direction in which the economy is heading, and that may come on Friday when the December employment report is released."

Source: Freddie Mac