Little change in home loan rates, Freddie Mac reports

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The typical rate being offered this week for a 30-year fixed-rate home loan was unchanged at 5.07%, with borrowers paying 0.6% of the loan balance in upfront lender fees, Freddie Mac said Thursday.

For 15-year fixed mortgages, the rate pulled back from 4.40% last week to 4.39% this week with 0.7% in upfront lender fees, according to the weekly survey of lenders by the big home-loan buyer.

The five-year Treasury-indexed hybrid adjustable-rate mortgage, which is fixed for the first five years, averaged 4.03% this week, with an average 0.6% in lender fees, down from last week when it averaged 4.08%.

The Freddie Mac survey asks lenders what rates they are offering on loans no greater than $417,000 to well-qualified borrowers who make a 20% down payment or have 20% equity in their homes.

--E. Scott Reckard