Mortgage Rates Remain Near Annual Lows

Mortgage rates ended 2014 near their annual lows, Freddie Mac reported Wednesday.

"While mortgage rates edged up this week, they remain near 2014 lows," Freddie Mac vice president and chief economist Frank Nothaft said in the survey's press release. "Looking at full-year data, the 30-year fixed-rate average for 2014 was 4.17%, the highest annual average since 2011."

Thirty-year fixed-rate mortgages averaged 3.87% during Freddie Mac's last survey of the year, up four basis points from the previous week's 3.83%, but down 0.6 percentage points from this point last year.

Fifteen-year FRMs averaged 3.15%, down from 3.55% last year, but up five basis points from the previous week.

Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.01%, unchanged from the week prior and four basis points lower than the same period last year, while one-year Treasury-indexed adjustable-rate mortgages averaged 2.4%, up one basis point from the week before and 16 basis points lower than last year.