Mortgage interest rates held steady after rising last week because of weaker-than-expected gross domestic product numbers, according to Freddie Mac.
The 30-year fixed-rate mortgage averaged 4.19% for the week ending Feb. 2,
"The 10-year Treasury yield fell 5 basis points this week following a tepid advance estimate of fourth-quarter GDP and the Fed's decision to leave rates unchanged. The 30-year mortgage rate remained flat, starting the month 47 basis points higher than this time last year," said Sean Becketti, chief economist at Freddie Mac.
The 15-year fixed-rate mortgage this week averaged 3.41%, up from last week when it averaged 3.4%. A year ago at this time, the 15-year averaged 3.01%.
The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.23%, up from last week when it averaged 3.2%, while a year ago it averaged 2.85%.
