According to Freddie Mac's Primary Mortgage Market Survey, the average rate for a 30-year fixed rate mortgage fell 0.02 percentage point over the week ending January 17, to 3.38 percent.

Applications for refinancing, which represented 82 percent of total applications, increased 8 percent over the week ending January 18.

Average 30-Year Fixed Rate Mortgage Rate and Applications for Refinancing

Additional detail:

  • The seasonally adjusted purchase index (not pictured) increased 3 percent over the week ending January 17 and was at its highest level since May 2010.