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There is some data for folks looking to shop for a home or re-finance a current home loan.This info could change your monthly mortgage payments, so it is suggested you take a minute to read more and consider how it could have an impact you. Humongous mortgage buyer Freddie Mac released the results of their Primary Mortgage Market Survey® (PMMS®) where mortgage rates for the 30-year fixed-rate mortgage (FRM) averaged 4.80 pct. with an average .8 point for the week ending 1/27/2011, up from the prior week when rates for the mortgage loan program averaged 4.74 pct.. 4 weeks ago, the 30-year FRM averaged 4.861 percent.Interest rates for the 15-year FRM this week averaged 4.09 pct. with an average 0.7 point, up from the prior week when rates for the home loan program averaged 4.05 pct.. Four weeks ago, the 15-year mortgage program averaged 4.20%. Interest rates for the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.70% this week, with an average 0.7 point, up from last week when rates for the mortgage loan program averaged 3.69%. 4 weeks ago, the 5-yr. adjustable rate loan averaged 3.77 %.Interest rates for the 1-yr. Treasury-indexed adjustable rate loan averaged 3.26% this week with an average 0.6 point, up from the prior week when rates for the mortgage loan program averaged 3.25 pct.. 4 weeks ago, the one-year ARM averaged 3.26 percent. If a nearby bank keeps its loans on its books, opposed to selling them in the secondary market, it can provide mortgage loans at lower rates than the national average to achieve a competitive advantage. There can be additional considerations to go with a community lender to handle your mortgage loan. Many mortgage lenders will service (i.e. receive monthly payments, pay real estate taxes) their mortgage loans. This can help to create and maintain a continuing association with their clientele. An additional way to decrease the rate of interest on your mortgage is to pay for points (a percentage of the loan amount) as an advance fee. You can undertake this alternative with both local and national home loan firms.