During shaky economic news, mortgage rates hold firm

By Kyle Chezum Updated on 9/25/2013

Fixed rates held strong on some mixed economy reports according to Freddie Mac. Regardless, they are at a 60 year low.

30-year FRM are at 4.11%, down from 4.12% a week ago and 4.21% a year ago. 15-year FRM hit 3.38%, up from 3.37% last week, but down from 3.54%.

Vice president and chief economist Frank Nothaft for Freddie Mac stated the mixed data did not affect mortgage rates, retail did see an increase however.

Adjustable rates were more dynamic than fixed rates during this portion.

Five-year, Treasury-indexed ARMs hit 3.01% from 3.06% last week, and 3.45% of last year. In addition, the one-year, Treasury-indexed ARM moved up to 2.94% from 2.90% last week, but down from 3.30% of a year ago.