Mortgage rates fall slightly for Northeast in the first week of January

In its Primary Mortgage Market Survey for the week ending January 5, 2012, Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) for the Northeast fell slightly, dropping form 3.96 percent to 3.93 percent with an average 0.7 point.

The 15-year FRM for the Northeast fell from 3.28 percent to 3.27 percent with an average 0.7 point.

Nationally, the 30-year FRM averaged 3.91 percent, down from 3.95 percent the week prior, while the 15-year FRM fell slightly from 3.24 percent to 3.23 percent.

To read the entire Freddie Mac press release, click here.