Mortgage rates reverse course

1/12/2006

The decline in yields, which lenders use to set mortgage rates, allowed rates to start edging down on some products. Rates had begun to creep up earlier in the session.

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

The 30-year conventional fixed-rate mortgage was at 5.946 percent from 5.952 percent on Wednesday. The 15-year conventional fixed-rate mortgage was at 5.474 percent versus 5.485 percent on Wednesday.

The substantial dip in Treasury yields this afternoon should allow mortgage lenders to lower rates overnight and into Friday. If tomorrow's economic reports come in close to estimates, rates could continue to edge downward.

Mortgage rates rebound

1/11/2006

Higher yields yesterday and today forced mortgage lenders, who base their rates on yields, to push them up to levels not seen in a week.

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

The 30-year conventional fixed-rate mortgage was at 5.952 percent from 5.927 percent on Tuesday. The 15-year conventional fixed-rate mortgage was at 5.485 percent versus 5.47 percent on Tuesday.

With Treasury yields climbing even higher today, it is certain that lenders will keep mortgage rates near present levels, and they may even increase them on select products.

Mortgage rates unmoved

1/9/2006

lenders who use yields as a guide to set mortgage rates had no need to adjust them.

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

The 30-year conventional fixed-rate mortgage was at 5.902 percent from 5.896 percent on Friday.

The 15-year conventional fixed-rate mortgage was at 5.461 percent versus 5.469 percent on Friday.

With yields holding steady, overnight and into tomorrow it is unlikely that mortgage rates will move far from present levels.

Mortgage rates unmoved

1/9/2006

lenders who use yields as a guide to set mortgage rates had no need to adjust them.

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

The 30-year conventional fixed-rate mortgage was at 5.902 percent from 5.896 percent on Friday.

The 15-year conventional fixed-rate mortgage was at 5.461 percent versus 5.469 percent on Friday.

With yields holding steady, overnight and into tomorrow it is unlikely that mortgage rates will move far from present levels.