30-Year Mortgage Rates Decline to 5.67%

Rates on 30-year, fixed-rate mortgages averaged 5.67% for the week ended Jan. 20, compared with 5.74% last week, mortgage company Freddie Mac said.

Rates on 15-year, fixed-rate mortgages, a popular option for refinancing, declined to 5.15% from 5.19% last week. Rates on one-year adjustable-rate mortgages were 4.11%, little changed from last week’s 4.10%.

Five-year hybrid adjustable-rate mortgages averaged 5.05%, unchanged from last week. These mortgages have a fixed rate for five years and then they adjust each year after that.

The nationwide averages for mortgage rates do not include add-on fees known as points. The thirty-year and 15-year mortgages each carried a 0.7-point fee. The five-year and one-year ARMs both carried fees of 0.6 point.