Tame inflation figures left rates on long- and short-term mortgages little changed this week, reported mortgage giant Freddie Mac today in its weekly survey of mortgage rates. For the week ended Jan. 19, the average rate on a 30-year fixed-rate mortgage was 4.74 percent, up slightly from last week when it averaged 4.71 percent. Last year at this time, the average rate was 4.99 percent.

Rates on 15-year fixed-rate mortgages declined this week, averaging 4.05 percent. Last week, the average rate was 4.08 percent.

Adjustable-rate mortgages also saw mixed figures this week.  The five-year ARM averaged 3.69 percent this week, down from last week when it averaged 3.72 percent. The one-year ARM was up slightly, averaging 3.25 percent compared to last week’s 3.23 percent.

“Mortgage rates were little changed during the holiday week amid reports that inflation remains tame,” said Frank Nothaft, Freddie Mac chief economist. “Both the December core producer price index and consumer price index matched the market consensus. Compared to December 2009, core consumer prices rose at a 0.8 percent rate, the smallest yearly increase since records began in 1958.”