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""Freddie Mac"":http://www.freddiemac.com/ reported Wednesday that mortgage rates remained stable this week, rising only slightly from the rates reported last week. A separate study from ""Bankrate"":http://www.bankrate.com/ reports rates dipped slightly this week.
This week's Freddie survey shows 30-year-fixed-rate-mortgages averaging at 4.40 percent (0.8 point), which is a slight increase from last week's 4.39 percent.
[IMAGE] [COLUMN_BREAK]The 15-year FRM averaged 3.77 percent (0.7 point), up from 3.76 percent and the five-year adjustable rate mortgage averaged 3.45 percent (0.6 point), up from 3.40 percent last week.
""During a holiday-shortened week, average mortgage rates were largely unchanged from the prior week,"" said Frank Nothaft, vice president and chief economist for Freddie Mac in a statement. ""Growth in gross domestic product in the third quarter was revised up from the initial estimate to an annualized rate of 2.5 percent, as stronger consumer spending and exports supported the revisions.""
The Bankrate survey shows the 30-year-fixed-rate mortgage rate decreasing to 4.58 percent (0.4 point) from a reported 4.62 percent last week.
The Bankrate survey polls around 10 percent of the banks that Freddie Mac's survey uses for its study.
The 15-year-fixed rate mortgage decreased to 3.97 (.32 point) percent from 4.02 percent last week, and the five-year adjustable rate mortgage decreased to 3.66 percent (.38 point).
