Mortgage Rates Remain Steady

10/20/2005

At the end of the session Treasury yields were unchanged on the day, leaving mortgage rates, which are based on yields, to remain steady.

At 4 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:

The 30-year Conventional Fixed-Rate Mortgage was at 5.858 percent from 5.873 percent at Wednesday's close.

The 15-year Conventional Fixed-Rate Mortgage was at 5.457 percent from 5.459 percent at Wednesday's close.

With yields remaining steady today, mortgage lenders will probably hold rates near current levels overnight and into Friday.

Mortgage Rates don't get a break

10/19/2005

Although buying in the session fell short of a rally, steady interest in government debt sent Treasury prices up and yields, which move in the opposite direction of prices, down. The modest decline in yields had little effect on mortgage rates, however, as they remained near levels reached on Tuesday.

At 4 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:

The 30-year Conventional Fixed-Rate Mortgage was at 5.873 percent from 5.886 percent at Tuesday's close.

The 15-year Conventional Fixed-Rate Mortgage was at 5.459 percent from 5.486 percent at Tuesday's close.

Due to the incremental changes in most of the Treasury yields during Wednesday's session, mortgage lenders will likely find little reason to alter rates overnight and into Thursday morning.

Mortgage Rates Remain Higher

10/18/2005

U.S. Treasury securities held steady on Tuesday despite the strongest gain in producer prices in 15 years.

As a result, mortgage rates, which are based on yields, held close to those of yesterday.

At 4 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:

The 30-year Conventional Fixed-Rate Mortgage rose to 5.886 percent from 5.866 percent at Monday's close.

The 15-year Conventional Fixed-Rate Mortgage firmed to 5.486 percent from 5.463 percent at Monday's close.

Overnight, lenders likely will keep mortgage rates on key products fairly steady, seeing little impetus to push them much in either direction after Tuesday's session produced scant movement in Treasury yields.

Mortgage Rates Hold Firm

10/17/2005

Rates lenders charge on many key mortgage products barely ticked higher or stayed perched near Friday's 15-month peak.

At 4 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:

The 30-year Conventional Fixed-Rate Mortgage rose to 5.866 percent from 5.855 percent at Friday's close.

The 15-year Conventional Fixed-Rate Mortgage ticked up to 5.463 percent from 5.462 percent at Friday's close.

After recent rises in key mortgage rates, lenders might take a breather overnight and leave rates stable as they wait for the market to assess price pressures on producers Tuesday morning.

30-Year Fixed Mortgage Hits 15-Month High

10/14/2005

The omni-present fear of inflation, which erodes the value of bonds, was again at the core of the sell-off. Weeklong increases in Treasury yields, which are used as a guide to set mortgage rates, forced lenders to raise rates to 15-month highs.
At 4 p.m. EDT, AVERAGE mortgage rates (zero discount points) based on rates collected nationwide were:

The 30-year Conventional Fixed-Rate Mortgage rose to 5.855 percent from 5.817 percent at Thursday's close.

The 15-year Conventional Fixed-Rate Mortgage climbed to 5.462 percent from 5.417 percent at Thursday's close.

After this week's big upside moves, rates on key mortgage instruments could remain firm as lenders continue to adjust products to market conditions.