The Labor Department on Friday said the economy added 74,000 jobs in December, far lower than expected.
Rates for 30-year, fixed-rate mortgages slipped from 4.51 percent to 4.41 percent with an average 0.7 point in the past week.
A year ago, rates for 30-year, fixed-rate mortgages averaged 3.38 percent.
Rates for 15-year, fixed-rate mortgages rose from 3.56 percent to 3.45 percent with an average 0.7 point in the week. A year ago in the same week, 15-year, fixed-rate loans averaged 2.66 percent.
Among the shorter-duration loans, rates for five-year Treasury-indexed, hybrid adjustable-rate mortgages averaged 3.1 percent this week with an average 0.4 point. Rates a week ago averaged 3.15 percent. A year ago, they averaged 2.67 percent.
Rates for one-year, Treasury-indexed, adjustable-rate loans averaged 2.56 percent in the week with 0.5 points, unchanged for the third consecutive week.
Last year over the same period, rates for one-year, adjustable-rate loans averaged 2.57 percent.
One point is equal to 1 percent of the amount of the loan and is typically paid up front. It includes a corresponding discount on the loan's long-term interest rates.
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