Average mortgage rates stayed steady or inched lower this week, which “should continue to aid in the ongoing housing recovery,” Freddie Mac says in its weekly mortgage market survey. 

The following are the national averages in mortgage rates for the week ending Feb. 7, according to Freddie Mac:

• 30-year fixed-rate mortgages: averaged 3.53 percent, with an average 0.8 point, holding the same as last week. A year ago at this time, 30-year rates averaged 3.87 percent. 
• 15-year fixed-rate mortgages: averaged 2.77 percent, with an average 0.7 point, dropping from last week’s 2.81 percent average. Last year at this time, 15-year rates averaged 3.16 percent. 
• 5-year adjustable-rate mortgages: averaged 2.63 percent, with an average 0.6 point, dropping from last week’s 2.70 percent average. Last year at this time, 5-year ARMs averaged 2.83 percent. 
• 1-year ARMs: averaged 2.53 percent, with an average 0.4 point, dropping from last week’s 2.59 percent average. A year ago at this time, 1-year ARMs averaged 2.78 percent. 

Source: Freddie Mac