Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.10% during the week ended January 29 from 5.12% the prior week, while the 15-year fixed rate held steady at 4.80%. Meanwhile, interest on five-year adjustable-rate mortgages rose to 5.27% from 5.24%; and the one-year ARM slipped to 4.90% from 4.92%.
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