Mortgage Rates Remain Flat

12/21/2005

Today's slight rise in Treasury yields, which move in the opposite direction of prices, was not significant enough to force mortgage lenders to change their rates in any meaningful way.

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

The 30-year Conventional Fixed-Rate Mortgage was at 6.002 percent from 6.006 percent on Tuesday.

The 15-year Conventional Fixed-Rate Mortgage was at 5.585 percent versus 5.572 percent on Tuesday.

Given the very slight firming in Treasury yields and shorter-dated mortgages on Wednesday, lenders overnight might find little additional reason to move rates much on key mortgage products heading into Thursday's economic data.

Mortgage Rates Try to Rise

12/20/2005

Today's sell-off influenced mortgage lenders to edge rates up on a few select products.

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

The 30-year Conventional Fixed-Rate Mortgage was at 6.006 percent from 5.997 percent on Monday.

The 15-year Conventional Fixed-Rate Mortgage was at 5.572 percent versus 5.578 percent on Monday.

Given Tuesday's limited movement in the Treasury markets, lenders overnight might see little need to adjust mortgage rates much further on most products.

Mortgage Rates Hold

12/16/2005

Yields move in the opposite direction of price. Although yields, which lenders use as a guide to set mortgage rates, moved down, the change was not strong enough to lower most rates.

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

The 30-year Conventional Fixed-Rate Mortgage was at 5.987 percent versus 6.01 percent on Thursday.

The 15-year Conventional Fixed-Rate Mortgage was at 5.561 percent from 5.584 percent on Thursday.

The slight downturn in Treasury yields on Friday will probably have little impact on mortgage rates, but lower yields should keep rates close to present levels over the weekend and into Monday.