Mortgage rates for Jan. 9, 2014


I'm Greg McBride, senior financial analyst with and here is your weekly look at mortgage rates.

Mortgage rates started out 2014 by pulling back, helped by a few down sessions in the stock market. This week's decline largely unwinds the increase in mortgage rates seen in the last week of 2013. The benchmark 30-year fixed-rate mortgage retreated to 4.64 percent, and the 15-year fixed rate dipped to 3.69 percent.

Even adjustable-rate mortgages were mostly lower, with the popular 5-year ARM settling at 3.46 percent and the 10-year slumping to 4.19 percent.

Mortgage rates are closely related to yields on long-term government bonds, so as those move up and down, mortgage rates typically follow.

Whether mortgage rates are rising or falling, always be sure to shop around for the best mortgage terms. To find the lowest mortgage rates in your area, use the free search engine at

I'm Greg McBride.


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